Novagold Resources Inc. (AMEX: NG) is -6.15% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NG stock was last observed hovering at around $3.46 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $3.51, the stock is -11.49% and -15.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 1.45% at the moment leaves the stock 0.81% off its SMA200. NG registered -7.14% loss for a year compared to 6-month gain of 11.43%. The firm has a 50-day simple moving average (SMA 50) of $4.1428 and a 200-day simple moving average (SMA200) of $3.4819.
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The stock witnessed a -20.05% loss in the last 1 month and extending the period to 3 months gives it a -17.41%, and is 2.03% 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 4.25% over the week and 4.69% over the month.
Novagold Resources Inc. (NG) has around 13 employees, a market worth around $1.17B and $0.00M in sales. Distance from 52-week low is 57.75% and -28.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-309.76%).
The EPS is expected to grow by 14.29% this year.
Novagold Resources Inc. (NG) Top Institutional Holders
258.0 institutions hold shares in Novagold Resources Inc. (NG), with institutional investors hold 79.41% of the company’s shares. The shares outstanding are 334.25M, and float is at 245.14M with Short Float at 3.37%. Institutions hold 58.40% of the Float.
The top institutional shareholder in the company is PAULSON & CO. INC. with over 27.24 million shares valued at $94.24 million. The investor’s holdings represent 8.1458% of the NG Shares outstanding. As of 2024-06-30, the second largest holder is FIRST EAGLE INVESTMENT MANAGEMENT, LLC with 21.49 million shares valued at $74.34 million to account for 6.4255 of the shares outstanding. The other top investors are EXOR CAPITAL LLP which holds 19.43 million shares representing 5.8102% and valued at over $67.22 million, while FMR LLC holds 5.1525 of the shares totaling 17.23 million with a market value of $60.32 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).
