NovaGold Resources (NYSEAMERICAN:NG) Shares Gap Down – Here’s What Happened

Posted by Defense World Staff on May 18th, 2025

NovaGold Resources Inc. (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) shares gapped down before the market opened on Friday . The stock had previously closed at $3.55, but opened at $3.45. NovaGold Resources shares last traded at $3.52, with a volume of 558,035 shares traded.

Analyst Ratings Changes

Separately, National Bank Financial upgraded shares of NovaGold Resources to a “hold” rating in a research note on Friday, March 21st.

Get Our Latest Analysis on NovaGold Resources

NovaGold Resources Stock Performance

The business’s fifty day moving average is $3.38 and its 200-day moving average is $3.45. The firm has a market cap of $1.20 billion, a P/E ratio of -27.69 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NG. Sterling Capital Management LLC grew its position in shares of NovaGold Resources by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company’s stock worth $26,000 after buying an additional 6,959 shares during the period. Cary Street Partners Financial LLC acquired a new stake in NovaGold Resources in the first quarter valued at approximately $29,000. Squarepoint Ops LLC acquired a new stake in NovaGold Resources in the 4th quarter valued at $35,000. Dauntless Investment Group LLC bought a new stake in NovaGold Resources during the 1st quarter valued at $39,000. Finally, Cubist Systematic Strategies LLC bought a new stake in NovaGold Resources during the 1st quarter valued at $44,000. Institutional investors own 57.56% of the company’s stock.

About NovaGold Resources

(Get Free Report)

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.