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NovaGold Resources (NG) Catches Eye: Stock Jumps 5.9%

NovaGold Resources Inc. NG was a big mover last session, as the company saw its shares rise almost 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.93–$5.76 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.      

NovaGold Resources currently carries a Zacks Rank #3 (Hold).

A better-ranked Mining-Gold stock is Vista Gold Corp. VGZ, which sports a Zacks Rank #1 (Strong Buy).

Is NG going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NOVAGOLD RSRCS (NG): Free Stock Analysis Report
 
VISTA GOLD CORP (VGZ): Free Stock Analysis Report
 
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