Novagold Resources Inc (AMEX: NG) is -14.71% lower on its value in year-to-date trading and has touched a low of $2.26 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 $2.81 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $2.84, the stock is -3.38% and -8.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing 1.07% at the moment leaves the stock -21.65% off its SMA200. NG registered -10.69% loss for a year compared to 6-month loss of -17.92%. The firm has a 50-day simple moving average (SMA 50) of $3.1016 and a 200-day simple moving average (SMA200) of $3.62455.
The stock witnessed a -15.73% gain in the last 1 month and extending the period to 3 months gives it a -12.88%, and is 10.08% 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 11.50% over the week and 7.64% over the month.
Novagold Resources Inc (NG) has around 14 employees, a market worth around $950.41M and $0.00M in sales. Distance from 52-week low is 25.66% and -41.80% 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 81.71% of the company’s shares. The shares outstanding are 334.65M, and float is at 244.72M with Short Float at 3.37%. Institutions hold 60.08% 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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