NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) Director Anthony P. Walsh sold 19,655 shares of the firm’s stock in a transaction dated Tuesday, April 6th. The stock was sold at an average price of $9.33, for a total value of $183,381.15. Following the transaction, the director now owns 77,134 shares of the company’s stock, valued at $719,660.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NG stock opened at $9.00 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of -90.00 and a beta of 0.64. The stock has a 50 day simple moving average of $10.04 and a two-hundred day simple moving average of $10.58. The company has a debt-to-equity ratio of 0.94, a quick ratio of 63.25 and a current ratio of 63.25. NovaGold Resources Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $12.85.
NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its earnings results on Wednesday, March 31st. The mining company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.02). On average, research analysts predict that NovaGold Resources Inc. will post -0.11 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Winslow Evans & Crocker Inc. grew its stake in NovaGold Resources by 300.0% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 8,000 shares of the mining company’s stock valued at $77,000 after acquiring an additional 6,000 shares during the period. Squarepoint Ops LLC acquired a new stake in NovaGold Resources in the fourth quarter valued at approximately $111,000. Weld Capital Management LLC acquired a new stake in NovaGold Resources in the third quarter valued at approximately $121,000. Voloridge Investment Management LLC acquired a new stake in NovaGold Resources in the fourth quarter valued at approximately $147,000. Finally, Truist Financial Corp acquired a new stake in NovaGold Resources in the fourth quarter valued at approximately $186,000. Institutional investors and hedge funds own 50.19% of the company’s stock.
A number of equities analysts have recently issued reports on NG shares. Zacks Investment Research downgraded NovaGold Resources from a “buy” rating to a “hold” rating in a research report on Thursday, April 1st. B. Riley reiterated a “buy” rating on shares of NovaGold Resources in a report on Friday, January 29th.
NovaGold Resources Company Profile
NovaGold Resources Inc explores for and develops gold mineral properties in the United States. It primarily owns 50% interest in the Donlin Gold project consisting of 493 mining claims covering an area of 71,420 acres 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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