In last trading session, NovaGold Resources Inc. (NYSE:NG) saw 1,527,279 shares changing hands. Company’s recent per share price level of $8.65 trading at $0 or 0.12% at recent trade assigns it a market valuation of $2.83 Billion. That current price of NG’s stock is at a discount of -48.55% from its 52-week high price of $12.85 and is indicating a premium of 46.24% from its 52-week low price of $4.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.97 Million shares which gives us an average trading volume of 3.65 Million if we extend that period to 3-months.
For NovaGold Resources Inc. (NG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 0. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight.
NovaGold Resources Inc. (NYSE:NG) trade information
Upright in the green today for gaining 0.58%, in the last five days NG remained trading in the green while hitting it’s week-highest on Wednesday, Jun 24 when the stock touched $9.03-4 price level, adding 4.65% to its value on the day. NovaGold Resources Inc.’s shares saw a change of -3.91% in year-to-date performance and have moved 2.87% in past 5-day. NovaGold Resources Inc. (NYSE:NG) showed a performance of -17.29% in past 30-days. Number of shares sold short was 8.34 Million shares which calculate 2.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $30 to the stock, which implies a rise of 246.82% to its current value. Analysts have been projecting $30 as a low price target for the stock while placing it at a high target of $30. It follows that stock’s current price would jump +246.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of 246.82% for stock’s current value.
NovaGold Resources Inc. (NG) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 12.7% while estimates for its earnings growth in next 5 years are of 0%
NovaGold Resources Inc. (NYSE:NG)’s Major holders
Insiders are in possession of 27.14% of company’s total shares while institution are holding 54.47% percent of that, with stock having share float percentage of 74.76%. Investors also watch the number of corporate investors in a company very closely, which is 281 institutions for NovaGold Resources Inc. that are currently holding shares of the company. Paulson & Company, Inc. is the top institutional holder at NG for having 25.23 Million shares of worth $186.17 Million. And as of March 30, 2020, it was holding 7.68% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 24.61 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.49% of outstanding shares, having a total worth of $181.63 Million.
On the other hand, VanEck Vectors ETF Tr-Junior Gold Miners ETF and Fidelity Contrafund Inc are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 11618659 shares of worth $85.75 Million or 3.54% of the total outstanding shares. The later fund manager was in possession of 7.31 Million shares on March 30, 2020, making its stake of worth around $53.92 Million in the company or a holder of 2.22% of company’s stock.