Novagold Resources Inc (NG) – key numbers that make it a Strong Buy For Now

Novagold Resources Inc (AMEX: NG) is -10.21% lower on its value in year-to-date trading and has touched a low of $2.30 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 $3.04 in the last trading session, with the day’s loss setting it -0.05%.

Currently trading at $2.99, the stock is -5.66% and -8.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.22 million and changing -1.64% at the moment leaves the stock -19.17% off its SMA200. NG registered 25.10% gain for a year compared to 6-month loss of -34.86%..

The stock witnessed a -5.08% gain in the last 1 month and extending the period to 3 months gives it a -18.31%, and is -5.08% down 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 4.98% over the week and 5.45% over the month.

Novagold Resources Inc (NG) has around 14 employees, a market worth around $1.00B and $0.00M in sales. Distance from 52-week low is 30.00% and -38.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.50%).

The EPS is expected to shrink by -14.29% this year.

Novagold Resources Inc (NG) Top Institutional Holders

The shares outstanding are 334.57M, and float is at 244.76M with Short Float at 3.56%.

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.