JPMorgan Chase & Co. upgraded shares of NovaGold Resources Inc. (TSE:NG) from a neutral rating to an overweight rating in a research report released on Tuesday.

Separately, Royal Bank Of Canada reissued a sector perform rating on shares of NovaGold Resources in a research report on Tuesday, June 28th.

Shares of NovaGold Resources (TSE:NG) opened at 7.35 on Tuesday. The company’s market capitalization is $2.35 billion. The firm’s 50-day moving average is $7.54 and its 200-day moving average is $7.78. NovaGold Resources has a 1-year low of $4.05 and a 1-year high of $9.56.

In other news, insider Richard Williams sold 24,545 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of C$9.35, for a total transaction of C$229,495.75.

About NovaGold Resources

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segment is involved in the exploration and development of mineral properties. The Company is focused on advancing permitting of the Donlin Gold project in Alaska.

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