NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG's stock price was down 6.2% during trading on Monday . The company traded as low as $3.58 and last traded at $3.55. Approximately 1,712,306 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 2,059,698 shares. The stock had previously closed at $3.78.
Wall Street Analyst Weigh In
Separately, National Bank Financial raised shares of NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Get Our Latest Stock Report on NG
NovaGold Resources Price Performance
The company's fifty day moving average is $3.37 and its 200-day moving average is $3.45. The stock has a market cap of $1.17 billion, a PE ratio of -26.88 and a beta of 1.05.
Institutional Trading of NovaGold Resources
Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC grew its stake in NovaGold Resources by 19.9% during the 3rd quarter. Barclays PLC now owns 917,835 shares of the mining company's stock valued at $3,762,000 after acquiring an additional 152,164 shares in the last quarter. JPMorgan Chase & Co. grew its stake in NovaGold Resources by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 394,749 shares of the mining company's stock valued at $1,618,000 after acquiring an additional 69,785 shares in the last quarter. SG Americas Securities LLC grew its stake in NovaGold Resources by 8.8% during the 4th quarter. SG Americas Securities LLC now owns 214,126 shares of the mining company's stock valued at $713,000 after acquiring an additional 17,341 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its stake in NovaGold Resources by 2.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 270,546 shares of the mining company's stock valued at $901,000 after acquiring an additional 5,546 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its stake in NovaGold Resources by 5.6% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 371,128 shares of the mining company's stock valued at $1,228,000 after acquiring an additional 19,712 shares in the last quarter. Hedge funds and other institutional investors own 57.56% of the company's stock.
NovaGold Resources Company Profile
(
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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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