BidaskClub Downgrades Novagold Resources (NG) to Strong Sell

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BidaskClub cut shares of Novagold Resources (NASDAQ:NG) from a sell rating to a strong sell rating in a report issued on Friday morning, BidAskClub reports.

Separately, B. Riley reaffirmed a buy rating on shares of Novagold Resources in a report on Friday, January 25th.

NG stock opened at $3.81 on Friday. Novagold Resources has a twelve month low of $3.41 and a twelve month high of $4.90.

Novagold Resources (NASDAQ:NG) last released its quarterly earnings results on Tuesday, April 2nd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01.

About Novagold Resources

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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