Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG gapped up before the market opened on Monday . The stock had previously closed at $3.00, but opened at $3.14. NovaGold Resources shares last traded at $3.10, with a volume of 555,793 shares trading hands.
Analyst Upgrades and Downgrades
Separately, National Bank Financial reaffirmed an "outperform overweight" rating on shares of NovaGold Resources in a report on Wednesday, January 3rd.
Check Out Our Latest Analysis on NG
NovaGold Resources Stock Performance
The company has a debt-to-equity ratio of 3,250.59, a current ratio of 32.57 and a quick ratio of 32.57.
NovaGold Resources (NYSEAMERICAN:NG - Get Free Report) TSE: NG last posted its quarterly earnings data on Wednesday, January 24th. The mining company reported ($0.03) earnings per share for the quarter.
Institutional Trading of NovaGold Resources
Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in NovaGold Resources by 47.1% during the first quarter. JPMorgan Chase & Co. now owns 1,148,564 shares of the mining company's stock valued at $8,878,000 after acquiring an additional 367,773 shares during the last quarter. Raymond James & Associates raised its stake in NovaGold Resources by 19.9% in the first quarter. Raymond James & Associates now owns 87,901 shares of the mining company's stock valued at $679,000 after buying an additional 14,573 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in NovaGold Resources in the first quarter valued at about $78,000. Bank of New York Mellon Corp boosted its holdings in NovaGold Resources by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 656,705 shares of the mining company's stock worth $5,076,000 after acquiring an additional 8,220 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of NovaGold Resources by 37.5% during the first quarter. MetLife Investment Management LLC now owns 112,267 shares of the mining company's stock valued at $868,000 after acquiring an additional 30,641 shares in the last quarter. 57.56% of the stock is currently owned by institutional investors.
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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