During the last session, Novagold Resources Inc. (AMEX:NG)’s traded shares were 1.8 million, with the beta value of the company hitting 1.02. At the end of the trading day, the stock’s price was $4.36, reflecting an intraday gain of 0.46% or $0.02. The 52-week high for the NG share is $4.63, that puts it down -6.19 from that peak though still a striking 49.08% gain since the share price plummeted to a 52-week low of $2.22. The company’s market capitalization is $1.46B, and the average intraday trading volume over the past 10 days was 1.36 million shares, and the average trade volume was 1.59 million shares over the past three months.
Novagold Resources Inc. (NG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. NG has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight.
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Novagold Resources Inc. (AMEX:NG) trade information
Novagold Resources Inc. (NG) registered a 0.46% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.46% in intraday trading to $4.36, hitting a weekly high. The stock’s 5-day price performance is 7.13%, and it has moved by 34.57% in 30 days. Based on these gigs, the overall price performance for the year is -5.42%. The short interest in Novagold Resources Inc. (AMEX:NG) is 10.96 million shares and it means that shorts have 5.35 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $5.25 and $5.25 respectively. As a result, NG is trading at a discount of -20.41% off the target high and -20.41% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -6.70%. While earnings are projected to return 21.43% in 2024.
NG Dividends
Novagold Resources Inc. is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Novagold Resources Inc. (AMEX:NG)’s Major holders
The next largest institutional holding, with 18.44 million shares, is of FIRST EAGLE INVESTMENT MANAGEMENT, LLC’s that is approximately 5.5158% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $55.33 million.
