NovaGold Resources traded at 12.61 this Monday May 11th, increasing 0.63 or 5.26 percent since the previous trading session. Looking back, over the last four weeks, NovaGold Resources gained 2.63 percent. Over the last 12 months, its price rose by 137.92 percent. Looking ahead, we forecast NovaGold Resources to be priced at 11.73 by the end of this quarter and at 11.02 in one year, according to Trading Economics global macro models projections and analysts expectations.
NovaGold Resources Inc. operates in the mining industry. The Company is focused on the exploration and development of gold mining properties. Its principal asset is a 50% interest in the Donlin Gold project in Alaska, Unites States. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska. It is located approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River. The Donlin Gold project is owned and operated by Donlin Gold LLC, a limited liability company that is owned equally by wholly owned subsidiaries of the Company and Barrick Gold Corporation (Barrick).