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Stock impact report

Assessing NovaGold Resources (TSX:NG) Valuation After Recent Strong Share Price Gains [Yahoo! Finance]

Novagold Resources Inc. (NG) 
NASDAQ:AMEX Investor Relations: novagold.com
Company Research Source: Yahoo! Finance
The moves come as some investors take a closer look at the company's performance and prospects. See our latest analysis for NovaGold Resources. Zooming out, NovaGold Resources' share price has gained steam in recent months, building on a 1-year total shareholder return of 1.7% and positive momentum since the start of the year. Short-term moves suggest investors are warming up to the company again as outlook and risk perceptions evolve. If you're interested in what else the market has to offer, now is an ideal time to broaden your search and discover fast growing stocks with high insider ownership After such a sharp rally, the big question is whether NovaGold Resources stock still holds value for investors or if recent gains mean future growth is already reflected in the price. Is there a real buying opportunity here? Price-to-Book of 22.2x: Is it justified? NovaGold Resources trades at a price-to-book ratio of 22.2 times, putting its valuation far above Canadian Metals and Show less Read more
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