NovaGold Resources Inc. (AMEX:NG) has a beta value of 0.74 and has seen 0.74 million shares traded in the last trading session. The company, currently valued at $2.01B, closed the last trade at $5.98 per share which meant it lost -$0.06 on the day or -0.99% during that session. The NG stock price is -39.8% off its 52-week high price of $8.36 and 32.11% above the 52-week low of $4.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.14 million shares traded. The 3-month trading volume is 1.35 million shares.

The consensus among analysts is that NovaGold Resources Inc. (NG) is an Overweight stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.03.

NovaGold Resources Inc. (AMEX:NG) trade information

Sporting -0.99% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 12/30/22 when the NG stock price touched $5.98 or saw a rise of 6.71%. Year-to-date, NovaGold Resources Inc. shares have moved -12.83%, while the 5-day performance has seen it change -1.81%. Over the past 30 days, the shares of NovaGold Resources Inc. (AMEX:NG) have changed 3.64%. Short interest in the company has seen 9.76 million shares shorted with days to cover at 5.87.

Wall Street analysts have a consensus price target for the stock at $8.06, which means that the shares’ value could jump 25.81% from current levels. The projected low price target is $7.00 while the price target rests at a high of $10.00. In that case, then, we find that the current price level is -67.22% off the targeted high while a plunge would see the stock gain -17.06% from current levels.

NovaGold Resources Inc. (NG) estimates and forecasts

Figures show that NovaGold Resources Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 22.29% over the past 6 months, with this year growth rate of 0.00%, compared to -3.30% for the industry.

NG Dividends

NovaGold Resources Inc. is expected to release its next earnings report between January 24 and January 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

NovaGold Resources Inc. (AMEX:NG)’s Major holders

Insiders own 26.51% of the company shares, while shares held by institutions stand at 55.85% with a share float percentage of 75.99%. Investors are also buoyed by the number of investors in a company, with NovaGold Resources Inc. having a total of 279 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 25.0 million shares worth more than $120.25 million. As of Jun 29, 2022, FMR, LLC held 7.50% of shares outstanding.

The other major institutional holder is Paulson & Company, Inc., with the holding of over 22.23 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $106.91 million and represent 6.67% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are First Eagle Gold Fund and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Jul 30, 2022, the former fund manager holds about 4.83% shares in the company for having 16.09 million shares of worth $78.53 million while later fund manager owns 8.61 million shares of worth $40.36 million as of Sep 29, 2022, which makes it owner of about 2.58% of company’s outstanding stock.

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