NovaGold Resources (NG) Stock Price Down 0.3%
Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) dropped 0.3% during trading on Friday . The company traded as low as $3.63 and last traded at $3.75. Approximately 39,364 shares changed hands during trading, a decline of 97% from the average daily volume of 1,481,108 shares. The stock had previously closed at $3.74.
Several analysts have commented on NG shares. Zacks Investment Research upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. JPMorgan Chase & Co. lowered their price target on NovaGold Resources from $7.50 to $7.00 and set an “overweight” rating for the company in a report on Tuesday, April 24th.
NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings results on Wednesday, June 27th. The mining company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01).
About NovaGold Resources (NYSEAMERICAN:NG)
NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.
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