Novagold Resources Inc. (NYSEMKT:NG) will release its Q316 earnings data on Tuesday, October 4th. Analysts expect Novagold Resources to post earnings of ($0.02) per share for the quarter.
Novagold Resources Inc. (NYSEMKT:NG) opened at 5.60 on Monday. The firm’s market cap is $1.79 billion. Novagold Resources Inc. has a 52-week low of $3.05 and a 52-week high of $7.29. The company’s 50 day moving average is $5.71 and its 200 day moving average is $6.01.
Several brokerages have issued reports on NG. JPMorgan Chase & Co. raised shares of Novagold Resources from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 27th. Zacks Investment Research raised shares of Novagold Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Novagold Resources in a report on Wednesday, June 29th.
In related news, Director Gillyeard J. Leathley sold 13,668 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $7.17, for a total value of $97,999.56. Following the completion of the sale, the director now owns 115,396 shares in the company, valued at $827,389.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several hedge funds have recently made changes to their positions in the stock. AHL Partners LLP acquired a new position in shares of Novagold Resources during the second quarter worth about $225,000. Cubist Systematic Strategies LLC boosted its position in shares of Novagold Resources by 676.7% in the second quarter. Cubist Systematic Strategies LLC now owns 148,824 shares of the company’s stock worth $911,000 after buying an additional 129,662 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Novagold Resources by 30.5% in the second quarter. Guggenheim Capital LLC now owns 493,793 shares of the company’s stock worth $3,022,000 after buying an additional 115,300 shares during the last quarter. KCG Holdings Inc. boosted its position in shares of Novagold Resources by 357.6% in the second quarter. KCG Holdings Inc. now owns 113,545 shares of the company’s stock worth $694,000 after buying an additional 88,730 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of Novagold Resources during the second quarter worth about $203,000.
Novagold Resources Company Profile
Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segment is involved in the exploration and development of mineral properties. The Company is focused on advancing permitting of the Donlin Gold project in Alaska.
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