In last trading session, Novagold Resources Inc (AMEX:NG) saw 1.96 million shares changing hands with its beta currently measuring 0.73. Company’s recent per share price level of $2.92 trading at -$0.06 or -2.01% at ring of the bell on the day assigns it a market valuation of $977.18M. That closing price of NG’s stock is at a discount of -67.12% from its 52-week high price of $4.88 and is indicating a premium of 5.82% from its 52-week low price of $2.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.36 million shares which gives us an average trading volume of 2.17 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 2.33. 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. The company is expected to be making an EPS of -0.06 in the current quarter.
Novagold Resources Inc (AMEX:NG) trade information
Upright in the red during last session for losing -2.01%, in the last five days NG remained trading in the red while hitting it’s week-highest on Thursday, 03/27/25 when the stock touched $2.92 price level, adding 7.3% to its value on the day. Novagold Resources Inc’s shares saw a change of -12.31% in year-to-date performance and have moved -4.58% in past 5-day. Novagold Resources Inc (AMEX:NG) showed a performance of -5.81% in past 30-days. Number of shares sold short was 8.47 million shares which calculate 3.79 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 44.38% 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 -79.79% in reaching the projected high whereas dropping to the targeted low would mean a loss of -79.79% 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 -9.87% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -14.29% while estimates for its earnings growth in next 5 years are of -10.72%.
Novagold Resources Inc (AMEX:NG)’s Major holders
Insiders are in possession of 26.47% of company’s total shares while institution are holding 59.63 percent of that, with stock having share float percentage of 81.10%. Investors also watch the number of corporate investors in a company very closely, which is 59.63% 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 $94.24 million. And as of 2024-06-30, it was holding 8.1458 of the company’s outstanding shares.
The second largest institutional holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC, which was holding about 21.49 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.4255 of outstanding shares, having a total worth of $74.34 million.
On the other hand, First Eagle Funds-First Eagle Gold Fund and ADVISORS’ INNER CIRCLE FUND II-KOPERNIK GLOBAL ALL-CAP FUND are the top two Mutual Funds which own company’s shares. As of Jan 31, 2025 , the former fund manager was holding 23.8 shares of worth $69.49 million or 7.11% of the total outstanding shares. The later fund manager was in possession of 6.71 shares on Jan 31, 2025 , making its stake of worth around $19.6 million in the company or a holder of 2.01% of company’s stock.
