NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) had its price target decreased by JPMorgan Chase from $7.50 to $7.00 in a report released on Tuesday. JPMorgan Chase currently has an overweight rating on the mining company’s stock.

Separately, Zacks Investment Research lowered NovaGold Resources from a buy rating to a hold rating in a research note on Wednesday, February 7th.

Shares of NG opened at $4.75 on Tuesday. NovaGold Resources has a 12 month low of $3.35 and a 12 month high of $4.94.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings results on Wednesday, April 4th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01).

A number of large investors have recently bought and sold shares of NG. Kopernik Global Investors LLC grew its stake in shares of NovaGold Resources by 12.9% in the fourth quarter. Kopernik Global Investors LLC now owns 2,984,381 shares of the mining company’s stock valued at $11,729,000 after buying an additional 341,387 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of NovaGold Resources by 9.3% in the fourth quarter. Teacher Retirement System of Texas now owns 2,295,000 shares of the mining company’s stock valued at $9,019,000 after buying an additional 195,897 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of NovaGold Resources by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,129,171 shares of the mining company’s stock valued at $4,438,000 after buying an additional 41,225 shares in the last quarter. Levin Capital Strategies L.P. grew its stake in shares of NovaGold Resources by 50.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 938,315 shares of the mining company’s stock valued at $3,688,000 after buying an additional 315,850 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of NovaGold Resources by 46.7% in the fourth quarter. Bank of Montreal Can now owns 686,424 shares of the mining company’s stock valued at $2,698,000 after buying an additional 218,506 shares in the last quarter.

About NovaGold Resources

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

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