Novagold Resources Inc. (NYSEMKT:NG)‘s stock had its “sector perform” rating reaffirmed by stock analysts at RBC Capital Markets in a research note issued to investors on Wednesday.
NG has been the topic of a number of other reports. Zacks Investment Research raised shares of Novagold Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. JPMorgan Chase & Co. raised shares of Novagold Resources from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Novagold Resources in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.50.
Novagold Resources (NYSEMKT:NG) traded down 4.73% during trading on Wednesday, hitting $4.63. 5,922,860 shares of the stock were exchanged. Novagold Resources has a 12-month low of $3.05 and a 12-month high of $7.29. The firm’s market capitalization is $1.48 billion. The stock has a 50 day moving average price of $5.63 and a 200-day moving average price of $6.02.
Novagold Resources (NYSEMKT:NG) last released its earnings results on Tuesday, October 4th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). On average, equities research analysts anticipate that Novagold Resources will post ($0.09) earnings per share for the current fiscal year.
In related news, Director Gillyeard J. Leathley sold 13,668 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $7.17, for a total value of $97,999.56. Following the sale, the director now directly owns 115,396 shares of the company’s stock, valued at approximately $827,389.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Large investors have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Novagold Resources by 1.2% in the second quarter. IFP Advisors Inc now owns 42,000 shares of the company’s stock valued at $257,000 after buying an additional 500 shares during the period. AHL Partners LLP purchased a new position in Novagold Resources during the second quarter valued at $225,000. Jane Street Group LLC raised its position in Novagold Resources by 3,253.1% in the second quarter. Jane Street Group LLC now owns 993,267 shares of the company’s stock valued at $6,079,000 after buying an additional 963,645 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Novagold Resources by 676.7% in the second quarter. Cubist Systematic Strategies LLC now owns 148,824 shares of the company’s stock valued at $911,000 after buying an additional 129,662 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in Novagold Resources by 30.5% in the second quarter. Guggenheim Capital LLC now owns 493,793 shares of the company’s stock valued at $3,022,000 after buying an additional 115,300 shares in the last quarter.
About Novagold Resources
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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