Novagold Resources Inc (AMEX: NG) is -0.90% lower on its value in year-to-date trading and has touched a low of $2.45 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 $3.10 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $3.30, the stock is 4.85% and 2.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 6.45% at the moment leaves the stock -10.84% off its SMA200. NG registered 32.53% gain for a year compared to 6-month loss of -22.35%.
The stock witnessed a 3.12% gain in the last 1 month and extending the period to 3 months gives it a -9.84%, and is 8.91% 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 4.27% over the week and 4.85% over the month.
Novagold Resources Inc (NG) has around 14 employees, a market worth around $1.10B and $0.00M in sales. Distance from 52-week low is 34.69% and -32.38% 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
The shares outstanding are 334.57M, and float is at 244.74M with Short Float at 3.55%.
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
A total of 0 insider transactions have happened at Novagold Resources Inc (NG) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Novagold Resources Inc (NG): Who are the competitors?
One of the company’s main competitors (and peers) include Barrick Gold Corp. (GOLD) that is trading 17.50% up over the past 12 months.Seabridge Gold Inc. (SA) lies in the list of competitors of the Novagold Resources Inc and is -16.46% lower over the same period from NGTeck Resources Ltd. Cl B (TECK) is 5.06% up on the 1-year trading charts.
