NovaGold Resources (TSE:NG) Hits New 1-Year High at $9.45

NovaGold Resources Inc. (TSE:NG) (AMEX:NG)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$9.45 and last traded at C$9.45, with a volume of 133414 shares. The stock had previously closed at C$9.09.

Separately, JPMorgan Chase & Co. raised their target price on NovaGold Resources from C$8.00 to C$12.00 in a report on Wednesday, August 14th.

The stock has a market capitalization of $3.08 billion and a price-to-earnings ratio of -28.70. The firm has a fifty day moving average of C$8.38 and a 200 day moving average of C$6.27. The company has a debt-to-equity ratio of 66.84, a current ratio of 76.65 and a quick ratio of 75.66.

NovaGold Resources (TSE:NG) (AMEX:NG) last issued its quarterly earnings results on Wednesday, June 26th. The mining company reported C($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.03). Research analysts predict that NovaGold Resources Inc. will post -0.04 EPS for the current year.

In other news, Senior Officer Melanie Hennessey sold 10,469 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of C$9.10, for a total value of C$95,267.90. Following the transaction, the insider now owns 414,175 shares in the company, valued at C$3,768,992.50. Also, Senior Officer Richard Williams sold 17,285 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$5.60, for a total value of C$96,796.00. Following the completion of the transaction, the insider now owns 275,425 shares in the company, valued at approximately C$1,542,380. Insiders have sold 514,489 shares of company stock worth $4,047,316 in the last quarter.

NovaGold Resources Company Profile (TSE:NG)

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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