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NovaGold Resources Inc (NG-T)
TSE:NG
5.13
0.31
(5.70%) 1d
Financials
Technical Analysis
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He's not a gold bug, but seeks unloved stocks in unloved sectors. Gold has consolidated nicely and made a good technical turn. His #1 gold holding is FNV-T. TGC has the largest undeveloped deposit in the world and in a safe place (Alaska) with a good partner in Barrick. All tailwinds.
Has had a really, really good move in the short term. If you think the gold price is going up 2 years from now, you will be very happy if you bought it today. 3 or 6 months from now you will be somewhat less happy. He owns it because he likes the optionality of the higher gold and copper prices. It is going to be a very, very volatile stock.
There are two projects in North Western BC. They will be difficult to build, but have lots of gold and copper. He likes that they know they are an optionality play. They run low G&A. The management knows not to dilute now.
Not a producing company. They have two assets in Canada and have given up on one. They would have to spend $7 Billion. They have a partner that is willing to build the mine with them, but they need higher gold prices. It would be the biggest gold mine in the world. It is not the right project for the current gold environment.
This is one of those projects that is lower in grade and requires very large spending capital. In the current environment, lots of the majors are cutting back on capital spending.
He is bullish on gold. It needs to break out above $1800 and then we will have a dynamic run on gold to $2000. IF it does not break out and we go back to summer lows, then it will be a bad sign.
Gold usually does well in the summer, beginning of July, coming into the beginning of October. There can be another period at this time but you have to watch it. Be very careful.
(Market Call Minute) too high a Cap –X.
NovaGold Resources Inc(NG-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
NovaGold Resources Inc(NG-T) Frequently Asked Questions
What is NovaGold Resources Inc stock symbol?
NovaGold Resources Inc is a Canadian stock, trading under the symbol NG-T on the Toronto Stock Exchange (NG-CT). It is usually referred to as TSX:NG or NG-T
Is NovaGold Resources Inc a buy or a sell?
In the last year, there was no coverage of NovaGold Resources Inc published on Stockchase.
Is NovaGold Resources Inc a good investment or a top pick?
NovaGold Resources Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for NovaGold Resources Inc.
Why is NovaGold Resources Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is NovaGold Resources Inc worth watching?
0 stock analysts on Stockchase covered NovaGold Resources Inc In the last year. It is a trending stock that is worth watching.
What is NovaGold Resources Inc stock price?
On 2024-12-12, NovaGold Resources Inc (NG-T) stock closed at a price of $5.13.
NOVAGOLD is a well-financed precious metals company focused on the development of its 50%-owned Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 39 million ounces of gold in the measured and indicated mineral resource categories, inclusive of proven and probable mineral reserves (541 million tonnes at an average grade of approximately 2.24 grams per tonne in the measured and indicated resource categories on a 100% basis), 9 Donlin Gold is regarded to be one of the largest, highest-grade, and most prospective known open pit gold deposits in the world. Social media mentions are up 1100% in the past 24h.