RBC Capital Markets reissued their sector perform rating on shares of Novagold Resources Inc. (NYSEMKT:NG) in a research report report published on Wednesday morning.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Novagold Resources from a hold rating to a sell rating in a research report on Friday, July 1st. Royal Bank Of Canada reaffirmed a sector perform rating on shares of Novagold Resources in a research report on Wednesday, June 29th. Finally, JPMorgan Chase & Co. raised shares of Novagold Resources from a neutral rating to an overweight rating in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $5.50.

Novagold Resources (NYSEMKT:NG) traded down 3.152% during trading on Wednesday, hitting $4.455. 764,885 shares of the stock traded hands. The firm’s market cap is $1.43 billion. Novagold Resources has a 12 month low of $3.05 and a 12 month high of $7.29. The firm has a 50-day moving average price of $5.57 and a 200 day moving average price of $6.01.

Novagold Resources (NYSEMKT:NG) last issued its quarterly earnings results on Wednesday, October 5th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). On average, equities analysts forecast 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 firm’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $7.17, for a total transaction of $97,999.56. Following the sale, the director now owns 115,396 shares in the company, valued at $827,389.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional investors have recently bought and sold shares of the stock. World Asset Management Inc increased its position in Novagold Resources by 7.9% in the second quarter. World Asset Management Inc now owns 19,857 shares of the company’s stock valued at $122,000 after buying an additional 1,449 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Novagold Resources during the second quarter valued at $142,000. Alps Advisors Inc. increased its position in Novagold Resources by 33.5% in the second quarter. Alps Advisors Inc. now owns 870,720 shares of the company’s stock valued at $5,329,000 after buying an additional 218,377 shares in the last quarter. James Investment Research Inc. acquired a new position in Novagold Resources during the second quarter valued at $607,000. Finally, Barometer Capital Management Inc. increased its position in Novagold Resources by 41.0% in the second quarter. Barometer Capital Management Inc. now owns 92,900 shares of the company’s stock valued at $569,000 after buying an additional 27,000 shares in the last quarter.

Novagold Resources Company Profile

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segment is involved in the exploration and development of mineral properties. The Company is focused on advancing permitting of the Donlin Gold project in Alaska.

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