With the ngld stock price steady at $4.48 in pre-market action, traders are watching the 50-day moving average at $4.55 as a pivot point. Institutional inflows hint at confidence in mid-term prospects despite broader market volatility. Get Nevada Canyon Gold Corp (NGLD:OTCQX) real-time stock quotes, news, price and financial information from CNBC. Fundamental drivers for ngld stock price include steady output growth and improving cash flow margins. Given gold’s strong seasonal patterns in Q3, analysts foresee upside risk to consensus targets. ngld stock price has been riding the recent strength in precious metals, with spot gold trading above $2,300/oz. Analysts forecast potential upward pressure if inflation data remains hot, possibly pushing ngld stock toward the $5 mark in the coming weeks.
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