News coverage about NovaGold Resources (NYSEMKT:NG) (TSE:NG) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NovaGold Resources earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the mining company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Why This Gold Miner’s Shares Rose 16% in June While Gold Prices Were Falling – Madison.com (host.madison.com)
- Do Analysts See Any Upside to Novagold Resources Inc. (:NG? – Stock Press Daily (stockpressdaily.com)
- Earnings Review and Free Research Report: NovaGold’s Net Loss Narrowed (finance.yahoo.com)
Shares of NovaGold Resources (NG) traded up 3.64% during mid-day trading on Monday, hitting $4.55. 758,862 shares of the stock were exchanged. The stock’s 50 day moving average is $4.22 and its 200-day moving average is $4.73. NovaGold Resources has a 12 month low of $3.78 and a 12 month high of $7.29. The stock’s market cap is $1.46 billion.
Separately, BidaskClub raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a report on Friday, June 23rd.
About NovaGold Resources
Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.
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