NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) – Investment analysts at B. Riley issued their FY2017 earnings per share (EPS) estimates for shares of NovaGold Resources in a note issued to investors on Monday, Zacks Investment Research reports. B. Riley analyst L. Pipes expects that the mining company will post earnings of ($0.13) per share for the year. B. Riley has a “Buy” rating and a $7.00 price target on the stock. B. Riley also issued estimates for NovaGold Resources’ Q4 2017 earnings at ($0.04) EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.08) EPS and FY2019 earnings at ($0.07) EPS.
Separately, BidaskClub raised NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th.
Shares of NovaGold Resources (NG) traded up $0.08 during midday trading on Thursday, hitting $3.96. The stock had a trading volume of 1,050,000 shares, compared to its average volume of 1,510,000. NovaGold Resources has a twelve month low of $3.35 and a twelve month high of $6.21. The firm has a market capitalization of $1,270.00, a PE ratio of -36.00 and a beta of 0.11.
Several institutional investors have recently bought and sold shares of NG. Raymond James Financial Services Advisors Inc. increased its position in NovaGold Resources by 1.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,705 shares of the mining company’s stock valued at $104,000 after acquiring an additional 300 shares during the period. Exencial Wealth Advisors LLC increased its position in NovaGold Resources by 4.9% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 27,800 shares of the mining company’s stock valued at $127,000 after acquiring an additional 1,300 shares during the period. BlueCrest Capital Management Ltd acquired a new position in NovaGold Resources in the 2nd quarter valued at about $168,000. Legal & General Group Plc increased its position in NovaGold Resources by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 37,607 shares of the mining company’s stock valued at $170,000 after acquiring an additional 1,584 shares during the period. Finally, Virtu KCG Holdings LLC increased its position in NovaGold Resources by 82.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 38,577 shares of the mining company’s stock valued at $176,000 after acquiring an additional 17,451 shares during the period.
In other news, VP David A. Ottewell sold 39,680 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $4.11, for a total value of $163,084.80. Following the completion of the sale, the vice president now directly owns 729,642 shares of the company’s stock, valued at approximately $2,998,828.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Deisley sold 16,642 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $3.86, for a total value of $64,238.12. The disclosure for this sale can be found here. Insiders have sold a total of 276,278 shares of company stock valued at $1,100,842 over the last ninety days.
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NovaGold Resources Company Profile
Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.
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