CVE:NVO - Novo Resources Corp. (NVO.V) Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$3.25
  • Forecasted Upside: 36.55 %
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
C$2.38
▼ -0.01 (-0.42%)

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Analyst Price Target for NVO

Analyst Price Target is C$3.25
▲ +36.55% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Novo Resources Corp. (NVO.V) in the last 3 months. The average price target is C$3.25, with a high forecast of C$3.25 and a low forecast of C$3.25. The average price target represents a 36.55% upside from the last price of C$2.38.

This chart shows the closing price for NVO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 1 polled investment analysts is to buy stock in Novo Resources Corp. (NVO.V).

Past Monthly Recommendations

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  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/1/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/30/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/28/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/26/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/26/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/25/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/23/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/23/2021

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/3/2021Pi FinancialUpgradeNeutral ➝ BuyC$3.05 ➝ C$3.25
4/9/2021Pi FinancialDowngradeBuy ➝ NeutralC$3.25 ➝ C$3.05
1/8/2021Pi FinancialSet Price TargetBuyC$3.35
(Data available from 10/24/2016 forward)

News Sentiment Rating

0.47 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

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  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/28/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/27/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/27/2021
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/26/2021
  • 0 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
7/26/2021
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/25/2021
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/24/2021
  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
10/24/2021

Current Sentiment

  • 2 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

  • No negative mentions tracked during this time.

Positive

Novo Resources Corp. (NVO.V) logo
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, and exploring natural resource properties in Canada, Australia, and the United States. It primarily explores for gold deposits. The company primarily focuses on the Egina and Beatons Creek projects in the Pilbara region of Western Australia. It also holds interest in the Mt. Elsie project that consists of three exploration licenses covering an area of approximately 19 square kilometers located in the north-east of Nullagine, Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.
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Today's Range

Now: C$2.38
Low: C$2.37
High: C$2.44

50 Day Range

MA: C$2.38
Low: C$2.38
High: C$2.38

52 Week Range

Now: C$2.38
Low: C$1.41
High: C$4.16

Volume

311,570 shs

Average Volume

273,252 shs

Market Capitalization

C$548.24 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Novo Resources Corp. (NVO.V)?

The following equities research analysts have issued reports on Novo Resources Corp. (NVO.V) in the last year: Pi Financial.
View the latest analyst ratings for NVO.

What is the current price target for Novo Resources Corp. (NVO.V)?

1 Wall Street analysts have set twelve-month price targets for Novo Resources Corp. (NVO.V) in the last year. Their average twelve-month price target is C$3.25, suggesting a possible upside of 36.6%. Pi Financial has the highest price target set, predicting NVO will reach C$3.25 in the next twelve months. Pi Financial has the lowest price target set, forecasting a price of C$3.25 for Novo Resources Corp. (NVO.V) in the next year.
View the latest price targets for NVO.

What is the current consensus analyst rating for Novo Resources Corp. (NVO.V)?

Novo Resources Corp. (NVO.V) currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe NVO will outperform the market and that investors should add to their positions of Novo Resources Corp. (NVO.V).
View the latest ratings for NVO.

What other companies compete with Novo Resources Corp. (NVO.V)?

How do I contact Novo Resources Corp. (NVO.V)'s investor relations team?

The company's listed phone number is 604-562-4854. The official website for Novo Resources Corp. (NVO.V) is www.novoresources.com.