Novagold Resources Inc (AMEX:NG) has a beta value of -21.89% and has seen 4.92 shares traded in the last trading session. The company, currently valued at $1.58B, closed the last trade at $4.36 per share which meant it lost -$2.74 on the day or 4.14% during that session. The NG stock price is -16.06% off its 52-week high price of $5.06 and 48.17% above the 52-week low of $2.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.57 million shares traded. The 3-month trading volume is 0.76 shares.
The consensus among analysts is that Novagold Resources Inc (NG) is Buy stock at the moment, with a recommendation rating of 52.52. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.05.
Novagold Resources Inc (AMEX:NG) trade information
Sporting 4.14% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NG stock price touched $4.36 or saw a rise of 4.8%. Year-to-date, Novagold Resources Inc shares have moved 28.97%, while the 5-day performance has seen it change -4.61%. Over the past 30 days, the shares of Novagold Resources Inc (AMEX:NG) have changed 11.89%. Short interest in the company has seen 11.38 million shares shorted with days to cover at 2.29.
Wall Street analysts have a consensus price target for the stock at $5.25, which means that the shares’ value could jump 16.95% from current levels. The projected low price target is $5.25 while the price target rests at a high of $5.25. In that case, then, we find that the current price level is -20.41% off the targeted high while a plunge would see the stock gain -20.41% from current levels.
Novagold Resources Inc (NG) estimates and forecasts
The company’s shares have gained 21.05% over the past 6 months.
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 -3.70% -9.87% over the past 5 years. Earnings growth for 2025 is a modest 14.29% while over the next 5 years, the company’s earnings are expected to increase by 8.67%.
NG Dividends
Novagold Resources Inc is expected to release its next earnings report on 2025-Apr-01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Novagold Resources Inc (AMEX:NG)’s Major holders
Insiders own 25.03% of the company shares, while shares held by institutions stand at 47.77% with a share float percentage of 63.71%. Investors are also buoyed by the number of investors in a company, with Novagold Resources Inc having a total of 259.0 institutions that hold shares in the company. The top two institutional holders are PAULSON & CO. INC. with over 27.24 million shares worth more than $94.24 million. As of 2024-06-30, PAULSON & CO. INC. held 8.1458% of shares outstanding.
The other major institutional holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC, with the holding of over 21.49 million shares as of 2024-06-30. The firm’s total holdings are worth over $74.34 million and represent 6.4255% of shares outstanding.
