NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $3.33. NovaGold Resources shares last traded at $3.15, with a volume of 3,635,063 shares trading hands.
Analyst Ratings Changes
Separately, Citigroup raised shares of NovaGold Resources to a "strong-buy" rating in a research note on Thursday, October 3rd.
View Our Latest Stock Analysis on NovaGold Resources
NovaGold Resources Stock Down 6.5 %
The stock has a market capitalization of $985.54 million, a P/E ratio of -22.65 and a beta of 1.06.
Hedge Funds Weigh In On NovaGold Resources
A number of hedge funds and other institutional investors have recently bought and sold shares of NG. Northwest & Ethical Investments L.P. acquired a new position in NovaGold Resources during the third quarter worth approximately $31,000. AQR Capital Management LLC purchased a new stake in shares of NovaGold Resources in the second quarter valued at approximately $49,000. Toronto Dominion Bank boosted its stake in shares of NovaGold Resources by 67.3% in the third quarter. Toronto Dominion Bank now owns 23,300 shares of the mining company's stock valued at $96,000 after buying an additional 9,377 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of NovaGold Resources in the third quarter valued at approximately $102,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of NovaGold Resources in the third quarter valued at approximately $121,000. 57.56% of the stock is currently owned by hedge funds and other institutional investors.
About NovaGold Resources
(
Get Free Report)
NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.
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