JPMorgan Chase & Co. Cuts NovaGold Resources (NG) Price Target to C$8.00

NovaGold Resources (TSE:NG) (AMEX:NG) had its price target reduced by JPMorgan Chase & Co. from C$9.10 to C$8.00 in a research report report published on Friday.

NG opened at C$5.21 on Friday. NovaGold Resources has a 1 year low of C$4.33 and a 1 year high of C$6.47.

In other NovaGold Resources news, insider David Ottewell sold 60,309 shares of NovaGold Resources stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of C$4.85, for a total value of C$292,498.65.

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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