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Stock impact report

A Look At NovaGold Resources (TSX:NG) Valuation As Its Price To Book Reaches 23x [Yahoo! Finance]

Novagold Resources Inc. (NG) 
NASDAQ:AMEX Investor Relations: novagold.com
Company Research Source: Yahoo! Finance
NovaGold Resources (TSX:NG) is back on investors' radar after recent trading moves, with shares last closing at CA$13.93. That price sits against a year total return that is a very large multiple. See our latest analysis for NovaGold Resources. While the recent 1-day and 90-day share price returns show modest pullbacks, the 10.47% year to date share price return, together with a very large 1-year total shareholder return, suggests momentum has been building over a longer horizon. If NovaGold's move has caught your attention, it can be helpful to compare it with other precious metals names and materials peers, or broaden your search to fast growing stocks with high insider ownership for more potential ideas. With NovaGold still generating no revenue, reporting a net loss of $89.897 million and trading at CA$13.93 against a CA$20.25 analyst target, you have to ask: Is the upside underappreciated, or is the market already pricing in future growth? At CA$13.93 per share, NovaGo Show less Read more
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