NovaGold Resources Inc. (NYSEAMERICAN:NG – Get Rating) (TSE:NG) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.62 and traded as high as $6.79. NovaGold Resources shares last traded at $6.79, with a volume of 1,164,409 shares trading hands.
Analysts Set New Price Targets
Several equities analysts recently issued reports on NG shares. B. Riley decreased their price objective on NovaGold Resources from $28.00 to $10.00 in a research report on Tuesday, October 25th. National Bank Financial upped their price target on NovaGold Resources from C$10.00 to C$11.00 in a research report on Friday, January 13th.
NovaGold Resources Trading Up 3.0 %
The company has a debt-to-equity ratio of 2.96, a quick ratio of 45.43 and a current ratio of 45.44. The business has a 50-day simple moving average of $5.46 and a two-hundred day simple moving average of $5.62. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -45.26 and a beta of 0.74.
Insiders Place Their Bets
Institutional Investors Weigh In On NovaGold Resources
A number of large investors have recently added to or reduced their stakes in NG. Alpha Cubed Investments LLC bought a new stake in NovaGold Resources in the 2nd quarter valued at $48,000. Verition Fund Management LLC bought a new stake in NovaGold Resources in the 2nd quarter valued at $55,000. Great West Life Assurance Co. Can bought a new stake in NovaGold Resources in the 3rd quarter valued at $64,000. Neuberger Berman Group LLC bought a new stake in NovaGold Resources in the 3rd quarter valued at $71,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in NovaGold Resources in the 1st quarter valued at $78,000. Institutional investors own 53.92% of the company’s stock.
About NovaGold Resources
NovaGold Resources, Inc is a mineral exploration company, which engages in the acquisition, exploration, and development of metal properties primarily located in Alaska and British Columbia. Its developments include Donlin Gold and Galore Creek projects. The company was founded by Gregory Shawn Johnson, John W.
- Get a free copy of the StockNews.com research report on NovaGold Resources (NG)
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