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Novagold Resources Inc New (NG) [hlAlert]

Rating:
Buy NG
down 68.07 %

Novagold Resources Inc New (NG) rated Buy

Posted on: Monday,  Jan 14, 2008  11:55 AM ET by The street 10 Gold Stocks for 2008

The street 10 Gold Stocks for 2008 rated Buy Novagold Resources Inc New (AMEX: NG) on 01/14/2008, when the stock price was
$11.12. Since then, Novagold Resources Inc New has lost 68.08% as of 08/27/2015's recent price of $3.55.
If you would have followed this The street 10 Gold Stocks for 2008's recommendation on NG, you would have lost 68.07% of your investment in 2782 days.

NovaGold Resources Inc. (NovaGold) is a precious metals company with exploration, development and mining properties in Alaska, United States of America and British Columbia, Canada. The Company conducts its operations through wholly owned subsidiaries and joint ventures and is primarily focused on gold properties, some of which have copper and silver resources. The Company is also engaged in the sale of sand, gravel and land, and receives royalties from placer gold production, from its holdings around Nome, Alaska. Some of the Company?s projects include the Donlin Creek project and Galore Creek project. On July 31, 2008, the Company sold 100% of its NovaGreenPower subsidiary to AltaGas Ltd. During the year ended December 31, 2008, the Company disposed of its interest in US Gold Corporation. In January 2009, the Company sold its entire interest in Alexco Resource Corp.

Gold is not just an anti-U.S. dollar story and could rally against all currencies regardless of what the U.S. Dollar Index does this year, much like it did in 2005. Iamgold (symbol IMG on the Toronto exchange) is also recommended in the list.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2008 4:00 AM Buy
1 year
11.12
as of 12/24/2008
1 Week up  13.24 %
1 Month up  3.92 %
3 Months up  18.30 %
1 YTD up  80.27 %

(*) Stock Price at the time of the recommendation.
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