NovaGold Resources (TSX:NG) Valuation Analysis Following Recent Share Price Surge
NovaGold Resources (TSX:NG) has caught investors’ attention recently as its stock returned over 81% in the past 3 months. The company’s performance stands out in a sector where movements in the gold price often spark renewed interest.
See our latest analysis for NovaGold Resources.
NovaGold Resources’ share price surge of 168% year-to-date has certainly shifted sentiment, especially following an impressive 81% gain over the past three months. While there are bumps along the way, including a sharp one-day decline of nearly 9%, overall momentum is clearly building, with its 1-year total shareholder return now exceeding 155% and reversing a previously sluggish five-year stretch.
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