NovaGold Resources Inc. (NYSEAMERICAN:NG) CEO Gregory A. Lang Sells 27,639 Shares of Stock

NovaGold Resources Inc. (NYSEAMERICAN:NGGet Rating) (TSE:NG) CEO Gregory A. Lang sold 27,639 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $5.32, for a total transaction of $147,039.48. Following the completion of the sale, the chief executive officer now directly owns 8,295 shares in the company, valued at $44,129.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

NovaGold Resources Price Performance

NYSEAMERICAN NG opened at $5.40 on Tuesday. The stock has a market cap of $1.80 billion, a P/E ratio of -36.00 and a beta of 0.73. The firm has a fifty day moving average of $5.44. The company has a debt-to-equity ratio of 2.96, a current ratio of 45.44 and a quick ratio of 45.43. NovaGold Resources Inc. has a 12 month low of $4.06 and a 12 month high of $8.36.

NovaGold Resources (NYSEAMERICAN:NGGet Rating) (TSE:NG) last issued its quarterly earnings results on Tuesday, October 4th. The mining company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). As a group, sell-side analysts forecast that NovaGold Resources Inc. will post -0.12 earnings per share for the current year.

Institutional Trading of NovaGold Resources

Large investors have recently bought and sold shares of the business. First Eagle Investment Management LLC lifted its stake in shares of NovaGold Resources by 21.6% in the 1st quarter. First Eagle Investment Management LLC now owns 14,097,193 shares of the mining company’s stock worth $108,971,000 after acquiring an additional 2,504,904 shares during the period. Exor Capital LLP lifted its stake in shares of NovaGold Resources by 13.6% in the 2nd quarter. Exor Capital LLP now owns 14,211,573 shares of the mining company’s stock worth $68,358,000 after acquiring an additional 1,705,036 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of NovaGold Resources by 98.8% in the 1st quarter. Teacher Retirement System of Texas now owns 949,816 shares of the mining company’s stock worth $7,342,000 after acquiring an additional 472,000 shares during the period. Deer Park Road Corp lifted its stake in shares of NovaGold Resources by 37.1% in the first quarter. Deer Park Road Corp now owns 1,647,254 shares of the mining company’s stock valued at $12,733,000 after purchasing an additional 446,032 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in NovaGold Resources by 46.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,398,563 shares of the mining company’s stock valued at $6,725,000 after acquiring an additional 443,855 shares in the last quarter. Institutional investors and hedge funds own 52.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. B. Riley dropped their target price on shares of NovaGold Resources from $28.00 to $10.00 in a research report on Tuesday, October 25th. National Bank Financial increased their target price on shares of NovaGold Resources from C$9.00 to C$10.00 in a research report on Thursday, October 13th.

NovaGold Resources Company Profile

(Get Rating)

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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Insider Buying and Selling by Quarter for NovaGold Resources (NYSEAMERICAN:NG)

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