CA - NovaGold: Still A Chance For A Positive Long-Term Trend Reversal
2024-04-22 13:19:21 ET
Summary
- NovaGold Resources Inc. receives a "Hold" rating due to its potential as a portfolio hedge against a recession and the upside outlook for gold prices.
- The Donlin Gold Project in southwest Alaska has significant gold reserves and the potential for further exploration activities.
- The investment decision for the Donlin Gold Project is unlikely to be made until interest rates have fallen dramatically, but a positive shift in market sentiment could occur with expected rate cuts.
A "Hold" Rating on NovaGold Resources Inc.
This analysis reiterates a "Hold" rating on shares of NovaGold Resources Inc. ( NG ) (NG:CA)....
NovaGold: Still A Chance For A Positive Long-Term Trend Reversal