Novagold Resources Inc (AMEX: NG) is -12.31% lower on its value in year-to-date trading and has touched a low of $2.75 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 $2.95 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.92, the stock is -10.47% and -8.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing -1.02% at the moment leaves the stock -20.23% off its SMA200. NG registered 5.80% gain for a year compared to 6-month loss of -33.03%. The firm has a 50-day simple moving average (SMA 50) of $3.1912 and a 200-day simple moving average (SMA200) of $3.6605.
The stock witnessed a -2.67% gain in the last 1 month and extending the period to 3 months gives it a -12.31%, and is -10.43% 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 6.60% over the week and 5.81% over the month.
Novagold Resources Inc (NG) has around 14 employees, a market worth around $977.18M and $0.00M in sales. Distance from 52-week low is 6.18% and -40.16% 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
250.0 institutions hold shares in Novagold Resources Inc (NG), with institutional investors hold 81.58% of the company’s shares. The shares outstanding are 334.57M, and float is at 244.74M with Short Float at 3.46%. Institutions hold 59.97% 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
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