NovaGold Resources Inc. (TSE:NG) Director Ethan Schutt Acquires 3,824 Shares

Key Points

• Ethan Schutt, a director at NovaGold Resources, purchased 3,824 shares of stock at an average price of C$7.17 per share, totaling C$27,399.34.
• NovaGold's stock recently traded at C$7.23, with a market cap of C$1.72 billion and a P/E ratio of -37.74.
• Analysts have upgraded NovaGold Resources to a "strong-buy" and a "moderate buy" rating, indicating positive sentiment towards the company.

NovaGold Resources Inc. (TSE:NG - Get Free Report) Director Ethan Schutt purchased 3,824 shares of the business's stock in a transaction on Monday, July 28th. The stock was purchased at an average cost of C$7.17 per share, for a total transaction of C$27,399.34.

NovaGold Resources Stock Performance

Shares of TSE NG traded up C$0.11 during mid-day trading on Friday, hitting C$7.28. The stock had a trading volume of 474,684 shares, compared to its average volume of 426,840. The firm has a market cap of C$1.74 billion, a PE ratio of -38.00 and a beta of 1.07. The company has a 50 day moving average of C$6.23 and a two-hundred day moving average of C$5.22. NovaGold Resources Inc. has a twelve month low of C$3.22 and a twelve month high of C$8.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada upgraded NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 4th. Citigroup upgraded shares of NovaGold Resources to a "strong-buy" rating in a research note on Tuesday, July 15th.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.