NovaGold Resources Inc. (TSE:NG)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday.

Separately, JPMorgan Chase & Co. raised shares of NovaGold Resources from a “neutral” rating to an “overweight” rating in a report on Tuesday, September 27th.

Shares of NovaGold Resources (TSE:NG) traded down 7.33% on Wednesday, reaching $5.94. 466,000 shares of the company traded hands. NovaGold Resources has a 1-year low of $4.05 and a 1-year high of $9.56. The company has a 50-day moving average of $7.33 and a 200-day moving average of $7.79. The stock’s market capitalization is $1.90 billion.

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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