NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG's stock price traded down 3.7% on Monday . The stock traded as low as $3.28 and last traded at $3.27. 1,277,393 shares changed hands during trading, a decline of 19% from the average session volume of 1,580,152 shares. The stock had previously closed at $3.39.
Analysts Set New Price Targets
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Get Our Latest Analysis on NovaGold Resources
NovaGold Resources Trading Down 4.8 %
The company has a market cap of $987.22 million, a PE ratio of -22.69 and a beta of 1.05. The business's 50 day moving average is $3.21.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in NovaGold Resources by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 144,463 shares of the mining company's stock valued at $483,000 after acquiring an additional 3,871 shares during the last quarter. Wolverine Trading LLC raised its holdings 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 valued at $53,000 after purchasing an additional 16,666 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of NovaGold Resources by 6.7% during the 4th quarter. Vident Advisory LLC now owns 211,388 shares of the mining company's stock valued at $704,000 after purchasing an additional 13,288 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of NovaGold Resources in the 4th quarter valued at $35,000. Finally, Two Sigma Investments LP boosted its holdings in NovaGold Resources by 74.8% in the fourth quarter. Two Sigma Investments LP now owns 317,029 shares of the mining company's stock worth $1,056,000 after purchasing an additional 135,705 shares in the last quarter. 57.56% of the stock is owned by institutional investors and hedge funds.
NovaGold Resources Company Profile
(
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.
Read More
Before you consider NovaGold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NovaGold Resources wasn't on the list.
While NovaGold Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.