NovaGold Resources Inc. (NYSE:NG) has a beta value of 0.42 and has seen 1,800,091 shares traded in the last trading session. The company, currently valued at $3.03 Billion, closed the last trade at $9.23 per share which meant it lost $0 on the day or -0.86% during that session. The NG stock price is -39.22% off its 52-week high price of $12.85 and 49.62% above the 52-week low of $4.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.7 Million shares traded. The 3-month trading volume is 3.63 Million shares.
The consensus among analysts is that NovaGold Resources Inc. (NG) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight.
NovaGold Resources Inc. (NYSE:NG) trade information
Despite being -0.86% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 02 when the NG stock price touched $9.55-3 or saw a rise of 3.35%. Year-to-date, NovaGold Resources Inc. shares have moved 3.01%, while the 5-day performance has seen it change 7.45%. Over the past 30 days, the shares of NovaGold Resources Inc. (NYSE:NG) have changed 4.77%. Short interest in the company has seen 8.34 Million shares shorted with days to cover at 2.3.
Wall Street analysts have a consensus price target for the stock at $30, which means that the shares’ value could jump 225.03% from current levels. The projected low price target is $30 while the price target rests at a high of $30. In that case, then, we find that the current price level is +225.03% off the targeted high while a plunge would see the stock lose 225.03% from current levels.
NovaGold Resources Inc. (NG) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +7.8% over the past 5 years. Earnings growth for 2020 is a modest +12.7%.
NovaGold Resources Inc. (NYSE:NG)’s Major holders
Insiders own 27.14% of the company shares, while shares held by institutions stand at 54.47% with a share float percentage of 74.76%. Investors are also buoyed by the number of investors in a company, with NovaGold Resources Inc. having a total of 281 institutions that hold shares in the company. The top two institutional holders are Paulson & Company, Inc. with over 25.23 Million shares worth more than $186.17 Million. As of March 30, 2020, Paulson & Company, Inc. held 7.68% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 24.61 Million shares as of March 30, 2020. The firm’s total holdings are worth over $181.63 Million and represent 7.49% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Junior Gold Miners ETF and Fidelity Contrafund Inc. As of March 30, 2020, the former fund manager holds about 3.54% shares in the company for having 11618659 shares of worth $85.75 Million while later fund manager owns 7.31 Million shares of worth $53.92 Million as of March 30, 2020, which makes it owner of about 2.22% of company’s outstanding stock.