Novagold Resources Inc. (NYSEMKT:NG)‘s stock had its “sector perform” rating reiterated by equities researchers at RBC Capital Markets in a research report issued on Wednesday.
NG has been the topic of several other research reports. JPMorgan Chase & Co. raised Novagold Resources from a “neutral” rating to an “overweight” rating in a research note on Tuesday, September 27th. Zacks Investment Research raised Novagold Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Novagold Resources in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Novagold Resources presently has an average rating of “Hold” and an average target price of $5.50.
Novagold Resources (NYSEMKT:NG) opened at 4.27 on Wednesday. The stock’s market cap is $1.37 billion. The firm has a 50-day moving average price of $5.51 and a 200 day moving average price of $6.00. Novagold Resources has a 1-year low of $3.05 and a 1-year high of $7.29.
Novagold Resources (NYSEMKT:NG) last issued its earnings results on Wednesday, October 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). On average, equities research analysts anticipate that Novagold Resources will post ($0.09) EPS for the current fiscal year.
In related news, Director Gillyeard J. Leathley sold 13,668 shares of the stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $7.17, for a total transaction of $97,999.56. Following the transaction, the director now owns 115,396 shares of the company’s stock, valued at approximately $827,389.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
A number of institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in Novagold Resources by 225.1% in the first quarter. BlackRock Fund Advisors now owns 46,875 shares of the company’s stock worth $236,000 after buying an additional 32,458 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Novagold Resources during the first quarter worth about $733,000. HBK Investments L P raised its stake in Novagold Resources by 566.5% in the first quarter. HBK Investments L P now owns 300,300 shares of the company’s stock worth $1,514,000 after buying an additional 255,242 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Novagold Resources by 43.8% in the second quarter. Teacher Retirement System of Texas now owns 2,445,000 shares of the company’s stock worth $14,963,000 after buying an additional 745,000 shares in the last quarter. Finally, Quantitative Investment Management LLC raised its stake in Novagold Resources by 48.5% in the second quarter. Quantitative Investment Management LLC now owns 175,200 shares of the company’s stock worth $1,072,000 after buying an additional 57,200 shares in the last quarter.