B.Riley FBR analyst Lucas Pipes maintained a Buy rating on Novagold Resources Inc New on Tuesday, setting a price target of $30, which is approximately 248.43% above the present share price of $8.61.
Pipes expects Novagold Resources Inc New to post earnings per share (EPS) of -$0.02 for the second quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Novagold Resources New (NYSE:NG), with an average price target of $30.
The analysts price targets range from a high of $30 to a low of $30.
In its latest earnings report, released on 05/31/2020, the company reported a quarterly revenue of $0 and a net profit of -$4.39 million. The company's market cap is $2.9 billion.
According to TipRanks.com, B.Riley FBR analyst Lucas Pipes is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -17.0% and a 33.33% success rate.
NovaGold Resources, Inc. engages in the acquisition, exploration, and development of metal properties primarily located in Alaska and British Columbia. Its developments include Donlin Gold and Galore Creek projects. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse, and Gerald James McConnell on December 5, 1984 and is headquartered Vancouver, Canada.