NovaGold Resources (TSE:NG) Director Dawn Patricia Whittaker Acquires 4,000 Shares

NovaGold Resources Inc. (TSE:NG) Director Dawn Patricia Whittaker bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average price of C$12.79 per share, for a total transaction of C$51,160.00. Following the completion of the transaction, the director directly owned 4,000 shares in the company, valued at approximately C$51,160. This represents a ? increase in their position.

NovaGold Resources Price Performance

Shares of NG stock opened at C$12.56 on Friday. The company’s 50-day simple moving average is C$13.58 and its two-hundred day simple moving average is C$11.65. NovaGold Resources Inc. has a one year low of C$3.22 and a one year high of C$16.27. The company has a market capitalization of C$5.11 billion, a P/E ratio of -50.24 and a beta of 2.15.

NovaGold Resources (TSE:NG) last released its quarterly earnings data on Thursday, January 22nd. The company reported C($0.05) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

NG has been the topic of several recent analyst reports. National Bankshares raised shares of NovaGold Resources from a “sector perform” rating to an “outperform” rating and set a C$15.00 target price on the stock in a research note on Thursday, October 30th. BMO Capital Markets upgraded NovaGold Resources to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Scotiabank set a C$21.00 price target on shares of NovaGold Resources and gave the stock an “outperform” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$18.00.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.