NovaGold Resources (NG) Set to Announce Quarterly Earnings on Wednesday

NovaGold Resources (NYSEAMERICAN:NGGet Free Report) (TSE:NG) is scheduled to announce its earnings results on Wednesday, April 3rd.

NovaGold Resources (NYSEAMERICAN:NGGet Free Report) (TSE:NG) last posted its quarterly earnings data on Wednesday, January 24th. The mining company reported ($0.03) earnings per share (EPS) for the quarter.

NovaGold Resources Stock Up 5.5 %

NG opened at $3.17 on Tuesday. The company has a current ratio of 32.57, a quick ratio of 32.57 and a debt-to-equity ratio of 3,250.59. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -24.35 and a beta of 1.06. NovaGold Resources has a 1 year low of $2.22 and a 1 year high of $6.68.

Analyst Upgrades and Downgrades

Separately, National Bank Financial reissued an “outperform overweight” rating on shares of NovaGold Resources in a report on Wednesday, January 3rd.

View Our Latest Research Report on NG

Institutional Investors Weigh In On NovaGold Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in shares of NovaGold Resources by 1.0% during the first quarter. CIBC Asset Management Inc now owns 225,137 shares of the mining company’s stock valued at $1,393,000 after buying an additional 2,194 shares during the period. Mackenzie Financial Corp raised its stake in NovaGold Resources by 1.9% in the fourth quarter. Mackenzie Financial Corp now owns 121,992 shares of the mining company’s stock valued at $728,000 after purchasing an additional 2,277 shares in the last quarter. MetLife Investment Management LLC raised its stake in NovaGold Resources by 1.9% in the second quarter. MetLife Investment Management LLC now owns 127,014 shares of the mining company’s stock valued at $507,000 after purchasing an additional 2,422 shares in the last quarter. Franklin Resources Inc. raised its stake in NovaGold Resources by 15.9% in the second quarter. Franklin Resources Inc. now owns 18,960 shares of the mining company’s stock valued at $75,000 after purchasing an additional 2,608 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in NovaGold Resources by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,076 shares of the mining company’s stock valued at $281,000 after purchasing an additional 3,126 shares in the last quarter. 57.56% of the stock is currently owned by institutional investors.

About NovaGold Resources

(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.

Recommended Stories

Earnings History for NovaGold Resources (NYSEAMERICAN:NG)

Receive News & Ratings for NovaGold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NovaGold Resources and related companies with MarketBeat.com's FREE daily email newsletter.