NovaGold Resources Inc. (AMEX:NG) does about 2.67M shares in volume on a normal day but saw 3976165 shares change hands in Monday trading. The company now has a market cap of 3.40B USD and an enterprise value of about $3.11B. Its current market price is $10.59, marking an increase of 8.28% compared to the previous close of $9.78. The 52 week high reached by this stock is $12.85 whilst the lowest price level in 52 weeks is $4.65. The script in recent trading has seen the stock touch a high of $10.75 and a low of $9.86.
NovaGold Resources Inc. (NG) has a 20-day trading average at $9.26 and the current price is -17.56% off the 52-week high compared with 127.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.00 and its 200-day simple moving average is $8.95. If we look at the stock’s price movements over the week, volatility stands at 5.60%, which decreases to 4.94% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.33 to suggest the stock is neutral.
1 analysts observing the NovaGold Resources Inc. (NG) stock have set the 12-month price targets for the company’s shares at between $30.00 and $30.00. The median price target is 64.7% away from the current levels at $30.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 19, 2017 when B. Riley FBR Inc. initiated the stock to “Buy” and issued a price target of $7. JP Morgan upgraded the stock to “Overweight” from Neutral on September 27, 2016 at a price target of . RBC Capital Mkts reiterated its price target at $16-$11.
The current price level is 15.38%, 18.19%, and 18.57% away from its SMA20, SMA50, and SMA200 respectively, with the NG price moving below the 50-day SMA on August 31. NovaGold Resources Inc. (NG) stock is up 15.11% over the week and 16.12% over the past month. Its price is 18.19% year-to-date and 42.34% over the past year.
The stock last released its quarterly earnings report for quarter ended 11/29/2017, with the company’s earnings per share (EPS) of -$0.03 above consensus estimates by $0.01. The company’s next earnings report is expected on 10/06/2020, with forecasts estimating quarterly EPS at -$0.01 and -$0.05 for whole year.
Its 12-month price target is $30.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $30.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $30.00.
Outstanding shares total 329.11M with insiders holding 27.14% of the shares and institutional holders owning 54.47% of the company’s common stock. The company has a return on equity of -22.10%. The beta has a value of 0.67. Price to book ratio is 27.87.
According to a U.S. Securities and Exchange Commission filing, VanEck Vectors – Junior Gold Mine has added its position in NovaGold Resources Inc. (NG) to 9,473,489 shares, mirroring a recent increase by 1.33%. VanEck Vectors – Junior Gold Mine added 0.12 million shares of NovaGold Resources Inc. common stock bringing its total worth to about $86.4 million at the end of recent close, SEC documents show. VanEck Vectors – Junior Gold Mine isn’t the only investment manager who changed stakes and is followed by Fidelity Contrafund, which sold off 24847.0 shares to end up with 7,240,481 shares worth $66.03 million. iShares Russell 2000 ETF cut their holdings by -4.47% in the company over the course of the most recent quarter. It now holds a 1.49% position in NovaGold Resources Inc. thanks to 4.91 million shares amounting to $44.8 million.