In the last trading session, 2.17 million Novagold Resources Inc (AMEX:NG) shares changed hands as the company’s beta touched 0.62. With the company’s per share price at $3.64 changed hands at $0.04 or 1.11% during last session, the market valuation stood at $1.39B. NG’s last price was a discount, traded about -39.01% off its 52-week high of $5.06. The share price had its 52-week low at $2.26, which suggests the last value was 37.91% up since then.
Analysts gave the Novagold Resources Inc (NG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NG as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Novagold Resources Inc (AMEX:NG) trade information
Instantly NG was in green as seen at the end of in last trading. With action 5.20%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 9.31%, with the 5-day performance at 5.20% in the green. However, in the 30-day time frame, Novagold Resources Inc (AMEX:NG) is 22.15% up.
The consensus price target for the stock as assigned by Wall Street analysts is 5.25, meaning bulls need an upside of 30.67% from its current market value. According to analyst projections, NG’s forecast low is 5.25 with 5.25 as the target high. To hit the forecast high, the stock’s price needs a -44.23% plunge from its current level, while the stock would need to soar -44.23% for it to hit the projected low.
Novagold Resources Inc (NG) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.87%. The 2025 estimates are for Novagold Resources Inc earnings to increase by 7.14%, but the outlook for the next 5-year period is at 5.01% per year.
Novagold Resources Inc (AMEX:NG)’s Major holders
FIRST EAGLE INVESTMENT MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 6.4255% or 21.49 million shares worth $74.34 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were First Eagle Funds-First Eagle Gold Fund and ADVISORS’ INNER CIRCLE FUND II-KOPERNIK GLOBAL ALL-CAP FUND. With 23.8 shares estimated at $86.62 million under it, the former controlled 6.06% of total outstanding shares. On the other hand, ADVISORS’ INNER CIRCLE FUND II-KOPERNIK GLOBAL ALL-CAP FUND held about 1.71% of the shares, roughly 6.71 shares worth around $24.43 million.
