Ethan Schutt Buys 3,824 Shares of NovaGold Resources Inc. (TSE:NG) Stock

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 bought 3,824 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average cost of C$7.17 per share, with a total value of C$27,399.34.

NovaGold Resources Price Performance

Shares of NG stock traded down C$0.11 on Wednesday, reaching C$7.11. 506,555 shares of the stock were exchanged, compared to its average volume of 426,498. The stock has a 50 day moving average price of C$6.14 and a 200 day moving average price of C$5.18. The stock has a market cap of C$1.69 billion, a PE ratio of -37.12 and a beta of 1.07. NovaGold Resources Inc. has a one year low of C$3.22 and a one year high of C$8.39.

Analyst Ratings Changes

NG has been the subject of a number of recent research reports. Royal Bank Of Canada raised NovaGold Resources from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 4th. Citigroup raised NovaGold Resources to a "strong-buy" rating in a research note on Tuesday, July 15th.

About NovaGold Resources

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.