NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.11, but opened at $3.40. NovaGold Resources shares last traded at $3.61, with a volume of 1,840,422 shares trading hands.
Analyst Ratings Changes
Separately, National Bank Financial raised shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Get Our Latest Research Report on NG
NovaGold Resources Trading Down 10.8 %
The company has a market capitalization of $1.49 billion, a P/E ratio of -34.15 and a beta of 1.05. The company has a 50 day moving average price of $3.15 and a 200 day moving average price of $3.41.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its holdings in shares of NovaGold Resources by 814.9% during the fourth quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company's stock worth $26,000 after buying an additional 6,959 shares in the last quarter. Squarepoint Ops LLC bought a new stake in NovaGold Resources in the 4th quarter valued at about $35,000. Wolverine Trading LLC grew its position in shares of NovaGold Resources by 4,789.1% during the 4th quarter. Wolverine Trading LLC now owns 16,318 shares of the mining company's stock worth $53,000 after purchasing an additional 16,666 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of NovaGold Resources during the 1st quarter valued at $56,000. Finally, AXQ Capital LP acquired a new stake in shares of NovaGold Resources during the 4th quarter worth $59,000. Institutional investors and hedge funds own 57.56% of the company's stock.
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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