Novagold Resources (NYSEAMERICAN:NG - Get Free Report) TSE: NG is projected to post its Q2 2025 quarterly earnings results before the market opens on Wednesday, June 25th. Analysts expect Novagold Resources to post earnings of ($0.04) per share for the quarter.
Novagold Resources Price Performance
NYSEAMERICAN NG opened at $4.39 on Wednesday. The company has a fifty day moving average of $3.80 and a two-hundred day moving average of $3.46. Novagold Resources has a 1 year low of $2.26 and a 1 year high of $5.06. The company has a market capitalization of $1.79 billion, a PE ratio of -33.77 and a beta of 0.63.
Hedge Funds Weigh In On Novagold Resources
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Novagold Resources in the 1st quarter valued at about $44,000. AQR Capital Management LLC increased its holdings in Novagold Resources by 103.9% in the first quarter. AQR Capital Management LLC now owns 43,740 shares of the mining company's stock valued at $128,000 after buying an additional 22,289 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Novagold Resources by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 289,715 shares of the mining company's stock valued at $846,000 after buying an additional 4,896 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Novagold Resources during the 1st quarter worth approximately $157,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Novagold Resources by 13.5% in 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 hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on NG shares. National Bank Financial raised Novagold Resources to a "hold" rating in a report on Friday, March 21st. Royal Bank Of Canada raised shares of Novagold Resources from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $5.00 to $7.00 in a report on Wednesday, June 4th.
Get Our Latest Stock Report on NG
Novagold Resources Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Novagold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Novagold Resources wasn't on the list.
While Novagold Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
