Novagold Resources Inc. (AMEX: NG) is 22.73% higher on its value in year-to-date trading and has touched a low of $2.22 and a high of $4.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NG stock was last observed hovering at around $4.62 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $4.59, the stock is 1.79% and 13.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -0.65% at the moment leaves the stock 33.48% off its SMA200. NG registered 13.33% gain for a year compared to 6-month gain of 92.05%.
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The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 28.57%, and is 4.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.44% over the week and 4.48% over the month.
Novagold Resources Inc. (NG) has around 13 employees, a market worth around $1.54B and $0.00M in sales. Distance from 52-week low is 106.29% and -5.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-182.31%).
The EPS is expected to grow by 14.29% this year
255.0 institutions hold shares in Novagold Resources Inc. (NG), with institutional investors hold 80.08% of the company’s shares. The shares outstanding are 334.25M, and float is at 244.86M with Short Float at 3.91%. Institutions hold 58.90% of the Float.
The top institutional shareholder in the company is PAULSON & CO. INC. with over 27.24 million shares valued at $81.71 million. The investor’s holdings represent 8.1462 of the NG Shares outstanding. As of 2024-03-31, the second largest holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with 18.44 million shares valued at $55.33 million to account for 5.5158 of the shares outstanding. The other top investors are EXOR CAPITAL LLP which holds 17.64 million shares representing 5.275 and valued at over $52.91 million, while FMR LLC holds 5.152 of the shares totaling 17.23 million with a market value of $51.51 million.
Novagold Resources Inc. (NG) Insider Activity
The most recent transaction is an insider sale by MADHAVPEDDI KALIDAS V, the company’s Director. SEC filings show that MADHAVPEDDI KALIDAS V sold 10,947 shares of the company’s common stock on Nov 30 ’23 at a price of $4.17 per share for a total of $45649.0. Following the sale, the insider now owns 49875.0 shares.
Novagold Resources Inc. disclosed in a document filed with the SEC on Nov 29 ’23 that Lang Gregory A. (President and CEO) sold a total of 46,335 shares of the company’s common stock. The trade occurred on Nov 29 ’23 and was made at $4.21 per share for $0.2 million. Following the transaction, the insider now directly holds 9635.0 shares of the NG stock.
Still, SEC filings show that on Nov 30 ’23, Lang Gregory A. (President and CEO) disposed off 42,519 shares at an average price of $4.16 for $0.18 million. The insider now directly holds 9,635 shares of Novagold Resources Inc. (NG).
