NovaGold Resources (NYSEAMERICAN:NG) Stock Crosses Above Two Hundred Day Moving Average of $5.62

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

In other news, CFO David A. Ottewell sold 57,592 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $5.97, for a total transaction of $343,824.24. Following the sale, the chief financial officer now owns 789,531 shares in the company, valued at approximately $4,713,500.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO David A. Ottewell sold 57,592 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $5.97, for a total transaction of $343,824.24. Following the sale, the chief financial officer now owns 789,531 shares in the company, valued at approximately $4,713,500.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony P. Walsh sold 11,896 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $6.01, for a total value of $71,494.96. Following the sale, the director now owns 41,751 shares in the company, valued at approximately $250,923.51. The disclosure for this sale can be found here. Insiders sold a total of 231,918 shares of company stock valued at $1,296,212 in the last quarter. 3.25% of the stock is currently owned by insiders.

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

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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.