In last trading session, Novagold Resources Inc (AMEX:NG) saw 5.41 million shares changing hands with its beta currently measuring 0.63. Company’s recent per share price level of $3.50 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $1.17B. That closing price of NG’s stock is at a discount of -44.57% from its 52-week high price of $5.06 and is indicating a premium of 35.43% from its 52-week low price of $2.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.95 million shares which gives us an average trading volume of 4.04 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 -0.04 in the current quarter.
Novagold Resources Inc (AMEX:NG) trade information
Novagold Resources Inc’s shares saw a change of 5.11% in year-to-date performance and have moved -10.49% in past 5-day. Novagold Resources Inc (AMEX:NG) showed a performance of 23.24% in past 30-days. Number of shares sold short was 9.62 million shares which calculate 1.86 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 33.33% 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 -50.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -50.0% 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 7.14% while estimates for its earnings growth in next 5 years are of 5.01%.
Novagold Resources Inc (AMEX:NG)’s Major holders
Insiders are in possession of 30.42% of company’s total shares while institution are holding 57.05 percent of that, with stock having share float percentage of 81.99%. Investors also watch the number of corporate investors in a company very closely, which is 57.05% 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 $83.29 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 $23.49 million in the company or a holder of 2.01% of company’s stock.
