Novagold Resources Inc (AMEX: NG) is -21.62% 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 $2.84 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $2.61, the stock is -17.50% and -17.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -8.10% at the moment leaves the stock -28.46% off its SMA200. NG registered -21.15% loss for a year compared to 6-month loss of -37.86%. The firm has a 50-day simple moving average (SMA 50) of $3.1592 and a 200-day simple moving average (SMA200) of $3.64855.
The stock witnessed a -21.86% gain in the last 1 month and extending the period to 3 months gives it a -23.91%, and is -11.53% 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 7.07% over the week and 6.28% over the month.
Novagold Resources Inc (NG) has around 14 employees, a market worth around $873.44M and $0.00M in sales. Distance from 52-week low is -5.09% and -46.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.56%).
The EPS is expected to shrink by -14.29% this year.
Novagold Resources Inc (NG) Top Institutional Holders
247.0 institutions hold shares in Novagold Resources Inc (NG), with institutional investors hold 81.10% of the company’s shares. The shares outstanding are 334.65M, and float is at 244.73M with Short Float at 3.46%. Institutions hold 59.63% 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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