In last trading session, Novagold Resources Inc. (AMEX:NG) saw 2.86 million shares changing hands with its beta currently measuring 1.03. Company’s recent per share price level of $4.65 trading at $0.06 or 1.31% at ring of the bell on the day assigns it a market valuation of $1.56B. That closing price of NG’s stock is at a premium of 1.08% from its 52-week high price of $4.60 and is indicating a premium of 52.26% from its 52-week low price of $2.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.63 million shares which gives us an average trading volume of 1.55 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 1.67. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Novagold Resources Inc. (AMEX:NG) trade information
Upright in the green during last session for gaining 1.31%, in the last five days NG remained trading in the green while hitting it’s week-highest on Wednesday, 07/24/24 when the stock touched $4.65 price level, adding 4.71% to its value on the day. Novagold Resources Inc.’s shares saw a change of 24.33% in year-to-date performance and have moved 2.65% in past 5-day. Novagold Resources Inc. (AMEX:NG) showed a performance of 33.24% in past 30-days. Number of shares sold short was 10.96 million shares which calculate 5.35 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5.25 to the stock, which implies a rise of 11.43% to its current value. Analysts have been projecting 5.25 as a low price target for the stock while placing it at a high target of 5.25. It follows that stock’s current price would drop -12.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.9% for stock’s current value.
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 -6.70% during past 5 years.
NG Dividends
Novagold Resources Inc. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Novagold Resources Inc. (AMEX:NG)’s Major holders
Insiders are in possession of 26.47% of company’s total shares while institution are holding 57.43 percent of that, with stock having share float percentage of 78.10%. Investors also watch the number of corporate investors in a company very closely, which is 57.43% institutions for Novagold Resources Inc. that are currently holding shares of the company. PAULSON & CO. INC. is the top institutional holder at NG for having 27.24 million shares of worth $81.71 million. And as of 2024-03-31, it was holding 8.1462 of the company’s outstanding shares.
The second largest institutional holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC, which was holding about 18.44 million shares on 2024-03-31. The number of shares represents firm’s hold over 5.5158 of outstanding shares, having a total worth of $55.33 million.
