NovaGold Resources Inc. (NYSEAMERICAN:NG – Get Rating) (TSE:NG) CEO Gregory A. Lang sold 27,639 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $5.32, for a total transaction of $147,039.48. Following the completion of the sale, the chief executive officer now directly owns 8,295 shares in the company, valued at $44,129.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
NovaGold Resources Price Performance
NYSEAMERICAN NG opened at $5.40 on Tuesday. The stock has a market cap of $1.80 billion, a P/E ratio of -36.00 and a beta of 0.73. The firm has a fifty day moving average of $5.44. The company has a debt-to-equity ratio of 2.96, a current ratio of 45.44 and a quick ratio of 45.43. NovaGold Resources Inc. has a 12 month low of $4.06 and a 12 month high of $8.36.
NovaGold Resources (NYSEAMERICAN:NG – Get Rating) (TSE:NG) last issued its quarterly earnings results on Tuesday, October 4th. The mining company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). As a group, sell-side analysts forecast that NovaGold Resources Inc. will post -0.12 earnings per share for the current year.
Institutional Trading of NovaGold Resources
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. B. Riley dropped their target price on shares of NovaGold Resources from $28.00 to $10.00 in a research report on Tuesday, October 25th. National Bank Financial increased their target price on shares of NovaGold Resources from C$9.00 to C$10.00 in a research report on Thursday, October 13th.
NovaGold Resources Company Profile
NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares 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.
- Get a free copy of the StockNews.com research report on NovaGold Resources (NG)
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