Novagold Resources Inc. (NG) Receives “Sector Perform” Rating from RBC Capital Markets
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Novagold Resources from a sell rating to a hold rating in a research note on Wednesday, August 31st. Royal Bank Of Canada reissued a sector perform rating on shares of Novagold Resources in a research note on Wednesday, June 29th. Finally, JPMorgan Chase & Co. raised shares of Novagold Resources from a neutral rating to an overweight rating in a research note on Tuesday, September 27th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Novagold Resources presently has an average rating of Hold and an average price target of $5.50.
Novagold Resources (NYSEMKT:NG) traded down 3.152% during trading on Wednesday, hitting $4.455. 764,885 shares of the stock traded hands. Novagold Resources has a 52-week low of $3.05 and a 52-week high of $7.29. The company’s 50 day moving average price is $5.57 and its 200-day moving average price is $6.01. The stock’s market cap is $1.43 billion.
Novagold Resources (NYSEMKT:NG) last released its quarterly earnings results on Wednesday, October 5th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). Equities research analysts forecast that Novagold Resources will post ($0.09) earnings per share for the current fiscal year.
In other news, Director Gillyeard J. Leathley sold 13,668 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $7.17, for a total transaction of $97,999.56. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website.
A number of large investors have recently modified their holdings of NG. World Asset Management Inc boosted its stake in shares of Novagold Resources by 7.9% in the second quarter. World Asset Management Inc now owns 19,857 shares of the company’s stock worth $122,000 after buying an additional 1,449 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Novagold Resources during the second quarter worth approximately $142,000. Alps Advisors Inc. boosted its stake in shares of Novagold Resources by 33.5% in the second quarter. Alps Advisors Inc. now owns 870,720 shares of the company’s stock worth $5,329,000 after buying an additional 218,377 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Novagold Resources during the second quarter worth approximately $607,000. Finally, Barometer Capital Management Inc. boosted its stake in shares of Novagold Resources by 41.0% in the second quarter. Barometer Capital Management Inc. now owns 92,900 shares of the company’s stock worth $569,000 after buying an additional 27,000 shares during the last quarter.
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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