Overbought Stock: NovaGold Resources Inc. (NYSE:NG)

NovaGold Resources Inc. (NYSE:NG) is expected to post earnings for its second quarter. Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

NovaGold Resources Inc. (NYSE:NG) shares fell -1.26% to finally closed at $5.49 in last active session. 

NG’s distance from 20 day simple moving average is 24.46% and distance from 50-Day simple moving average is 32.32%.

Analyst’s mean target price for NG is $7.25 while analysts mean recommendation is 2.00. Stock value has moved between $3.41 – 5.6 in last one year. Stock has got OUTPERFORM rating from 1 of Thomson Reuters analysts, 0 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for NG is $7.25 while analysts mean recommendation is 2.00. 

NovaGold Resources Inc. (NYSE:NG) yearly performance is 19.87%. Annual EPS Growth of past 5 years is 13.40%. The current share price indicates that stock is -1.79% away from its one year high and is moving 61.00% ahead of its 52-week low. 

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