NG has had a 55% move in a matter of one month, by any standards that is parabolic and such moves often end in disaster for those late to the party. AS GOLD had broken out so has the many ETF,s that follow the commodity which explains why even the lesser companies are moving at such a pace. Given the paper profits within the sector any sell off could be very frantic. If we get a agreement with China, gold could be a source of capital to get back into the equities market, so be careful and bank some profits.
AVERAGE ANALYSTS PRICE TARGET $6.50 AVERAGE ANALYSTS RECOMMENDATION BUY
COMPANY PROFILE NovaGold Resources, Inc. engages in the acquisition, exploration, and development of metal properties primarily located in Alaska and British Columbia. Its developments include Donlin Gold and Galore Creek projects. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse and Gerald James McConnell on December 5, 1984 and is headquartered Vancouver, Canada.