NovaGold Resources Inc. (NYSEAMERICAN:NG - Get Free Report) TSE: NG shares rose 3.9% during mid-day trading on Friday . The company traded as high as $3.17 and last traded at $3.16. Approximately 349,914 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 2,466,480 shares. The stock had previously closed at $3.04.
Analyst Ratings Changes
Separately, National Bank Financial reiterated an "outperform overweight" rating on shares of NovaGold Resources in a research report on Wednesday, January 3rd.
View Our Latest Research Report on NovaGold Resources
NovaGold Resources Trading Up 4.9 %
The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -24.54 and a beta of 1.06. 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 released its quarterly earnings results on Wednesday, January 24th. The mining company reported ($0.03) earnings per share for the quarter.
Hedge Funds Weigh In On NovaGold Resources
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of NovaGold Resources by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 10,010,708 shares of the mining company's stock worth $37,440,000 after acquiring an additional 187,419 shares during the period. Wellington Management Group LLP lifted its position in NovaGold Resources by 5.7% in the 4th quarter. Wellington Management Group LLP now owns 1,061,241 shares of the mining company's stock valued at $3,969,000 after acquiring an additional 57,054 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in NovaGold Resources by 43.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 410,795 shares of the mining company's stock valued at $1,536,000 after acquiring an additional 124,498 shares in the last quarter. Virtu Financial LLC bought a new stake in NovaGold Resources in the 4th quarter valued at $205,000. Finally, Price T Rowe Associates Inc. MD lifted its position in NovaGold Resources by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,749 shares of the mining company's stock valued at $220,000 after acquiring an additional 4,272 shares in the last quarter. Institutional investors own 57.56% of the company's stock.
About NovaGold Resources
(
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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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