NovaGold Resources (TSE:NG) Issues Quarterly Earnings Results

NovaGold Resources (TSE:NG) issued its earnings results on Thursday. The company reported C($0.05) earnings per share (EPS) for the quarter, FiscalAI reports.

NovaGold Resources Stock Down 4.1%

NG opened at C$13.79 on Thursday. NovaGold Resources has a 12 month low of C$3.22 and a 12 month high of C$15.30. The company has a fifty day simple moving average of C$13.38 and a 200 day simple moving average of C$11.14. The stock has a market cap of C$5.61 billion, a P/E ratio of -55.16 and a beta of 2.08.

Wall Street Analyst Weigh In

NG has been the subject of several recent research reports. BMO Capital Markets upgraded shares of NovaGold Resources to a “strong-buy” rating in a research report on Tuesday, November 4th. National Bankshares upgraded NovaGold Resources from a “sector perform” rating to an “outperform” rating and set a C$15.00 price objective for the company in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$15.00.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.