NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG's share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.11, but opened at $3.40. NovaGold Resources shares last traded at $3.61, with a volume of 1,840,422 shares.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Check Out Our Latest Report on NG
NovaGold Resources Stock Down 10.8 %
The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -34.15 and a beta of 1.05. The company's fifty day simple moving average is $3.15 and its 200 day simple moving average is $3.41.
Institutional Trading of NovaGold Resources
Several hedge funds and other institutional investors have recently bought and sold shares of NG. Lingotto Investment Management LLP grew its stake in NovaGold Resources by 3.5% during the fourth quarter. Lingotto Investment Management LLP now owns 20,902,054 shares of the mining company's stock worth $69,604,000 after buying an additional 702,636 shares in the last quarter. Kopernik Global Investors LLC increased its stake in NovaGold Resources by 23.1% in the fourth quarter. Kopernik Global Investors LLC now owns 17,006,844 shares of the mining company's stock valued at $56,633,000 after acquiring an additional 3,187,981 shares during the last quarter. Vanguard Group Inc. raised its position in NovaGold Resources by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 10,754,870 shares of the mining company's stock valued at $35,963,000 after purchasing an additional 169,209 shares in the last quarter. Geode Capital Management LLC lifted its stake in NovaGold Resources by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 3,067,144 shares of the mining company's stock worth $10,220,000 after purchasing an additional 20,218 shares during the last quarter. Finally, Amundi boosted its holdings in shares of NovaGold Resources by 11.6% in the 4th quarter. Amundi now owns 2,414,702 shares of the mining company's stock valued at $8,138,000 after purchasing an additional 251,583 shares in the last quarter. Institutional investors and hedge funds own 57.56% of the company's stock.
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.
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