Novagold Resources (NG) Projected to Post Earnings on Wednesday

Novagold Resources (NYSEAMERICAN:NG - Get Free Report) TSE: NG will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Wednesday, June 25th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

Novagold Resources Stock Down 5.0%

NYSEAMERICAN:NG traded down $0.22 on Friday, reaching $4.14. The company's stock had a trading volume of 3,742,521 shares, compared to its average volume of 2,431,702. Novagold Resources has a 12-month low of $2.26 and a 12-month high of $5.06. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -31.85 and a beta of 0.63. The stock has a 50 day moving average price of $3.90 and a 200 day moving average price of $3.47.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NG. Royal Bank Of Canada upgraded Novagold Resources from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $5.00 to $7.00 in a report on Wednesday, June 4th. National Bank Financial upgraded Novagold Resources to a "hold" rating in a report on Friday, March 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NG. Cubist Systematic Strategies LLC acquired a new position in shares of Novagold Resources during the 1st quarter worth about $44,000. AQR Capital Management LLC boosted its position in shares of Novagold Resources by 103.9% during the 1st quarter. AQR Capital Management LLC now owns 43,740 shares of the mining company's stock worth $128,000 after acquiring an additional 22,289 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Novagold Resources by 1.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,715 shares of the mining company's stock worth $846,000 after acquiring an additional 4,896 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Novagold Resources during the 1st quarter worth about $157,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Novagold Resources by 13.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,766,867 shares of the mining company's stock worth $5,159,000 after acquiring an additional 210,631 shares in the last quarter. 57.56% of the stock is owned by institutional investors and hedge funds.

About Novagold Resources

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.