In the last trading session, 1.35 million NovaGold Resources Inc. (AMEX:NG) shares changed hands as the company’s beta touched 0.80. With the company’s per share price at $4.56 changed hands at $0.06 or 1.33% during last session, the market valuation stood at $1.53B. NG’s last price was a discount, traded about -83.33% off its 52-week high of $8.36. The share price had its 52-week low at $4.22, which suggests the last value was 7.46% up since then. When we look at NovaGold Resources Inc.’s average trading volume, we note the 10-day average is 1.31 million shares, with the 3-month average coming to 1.77 million.

Analysts gave the NovaGold Resources Inc. (NG) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.70. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended NG as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. NovaGold Resources Inc.’s EPS for the current quarter is expected to be -$0.03.

NovaGold Resources Inc. (AMEX:NG) trade information

Instantly NG was in green as seen at the end of in last trading. With action 1.11%, the performance over the past five days has been green. The jump to weekly highs of 4.69 on Monday, 07/25/22 added 1.33% to the stock’s daily price. The company’s shares are showing year-to-date downside of -33.53%, with the 5-day performance at 1.11% in the green. However, in the 30-day time frame, NovaGold Resources Inc. (AMEX:NG) is -16.33% down. Looking at the short shares, we see there were 8.5 million shares sold at short interest cover period of 5.41 days.

The consensus price target for the stock as assigned by Wall Street analysts is $13.49, meaning bulls need an upside of 66.2% from its current market value. According to analyst projections, NG’s forecast low is $6.98 with $28.00 as the target high. To hit the forecast high, the stock’s price needs a -514.04% plunge from its current level, while the stock would need to soar -53.07% for it to hit the projected low.

NovaGold Resources Inc. (NG) estimates and forecasts

Data shows that the NovaGold Resources Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -33.33% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 6.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.60%. The 2022 estimates are for NovaGold Resources Inc. earnings to decrease by -19.90%.

NG Dividends

NovaGold Resources Inc. is expected to release its next quarterly earnings report between March 29 and April 04.

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

If we look at who the major shareholders are, we find that insiders hold 26.52% of NovaGold Resources Inc. shares while 54.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.52%. There are 54.03% institutions holding the NovaGold Resources Inc. stock share, with FMR, LLC the top institutional holder. As of Dec 30, 2021, the company held 7.25% of the shares, roughly 24.14 million NG shares worth $165.61 million.

Paulson & Company, Inc. holds the second largest percentage of outstanding shares, with 6.67% or 22.23 million shares worth $152.47 million as of Dec 30, 2021.

Among Mutual Funds, the top two as of Jan 30, 2022 were First Eagle Gold Fund and VanEck ETF Trust-VanEck Junior Gold Miners ETF. With 12.09 million shares estimated at $79.81 million under it, the former controlled 3.63% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 3.08% of the shares, roughly 10.26 million shares worth around $71.63 million.

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