Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $4.28. NovaGold Resources shares last traded at $4.15, with a volume of 944,165 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on NG shares. National Bank Financial downgraded NovaGold Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 24th. StockNews.com lowered NovaGold Resources from a "hold" rating to a "sell" rating in a research report on Sunday, July 28th.
Check Out Our Latest Analysis on NG
NovaGold Resources Trading Up 2.8 %
The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -31.92 and a beta of 1.01.
NovaGold Resources (NYSEAMERICAN:NG - Get Free Report) TSE: NG last posted its earnings results on Wednesday, June 26th. The mining company reported ($0.04) EPS for the quarter.
Institutional Investors Weigh In On NovaGold Resources
Several institutional investors have recently made changes to their positions in NG. Allspring Global Investments Holdings LLC bought a new position in NovaGold Resources in the 1st quarter valued at about $28,000. Sheaff Brock Investment Advisors LLC bought a new stake in NovaGold Resources during the first quarter worth $32,000. AQR Capital Management LLC bought a new stake in NovaGold Resources during the second quarter worth $49,000. Evoke Wealth LLC acquired a new stake in shares of NovaGold Resources in the 2nd quarter valued at $66,000. Finally, Cypress Wealth Services LLC bought a new position in shares of NovaGold Resources in the 2nd quarter valued at $70,000. 57.56% of the stock is currently owned by institutional investors.
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.
See Also
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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
