NovaGold Resources Incorporated (NYSEMKT:NG) Institutional Ownership stands at 48.3


NovaGold Resources Inc. (NYSEMKT:NG) reported its last quarter results on 10/04/2016. This Company belongs to Basic Materials sector.

In the last trading session, The Company traded 2.27 Million shares. The Stock Market opened sessions at 4.98 and closed at 5.07. There was a stock increase by 3.89 percent.

According to Yahoo Finance, the price target for the company which analysts are aiming is 4.14. The 1-year price target of the company is 4.14.

Investors expected a price target of sector for this quarter.  Zacks Investment Research gave NovaGold Resources Inc. (NYSEMKT:NG) a rating of 2 on a scale of 1 to 5. Here, 1 indicates a Strong Buy and 5 indicates a Strong Sell.

Considering the performance, NovaGold Resources Inc. (NYSEMKT:NG)’s shares have the potential to reach a high EPS of -0.02 per share, and a low EPS of -0.02 per share in the current quarter. All of these Earnings estimates are a consensus recommendation of 2 Analysts. According to them, the median (average) EPS the company could deliver is -0.02/share. While the actual EPS the company reported in the same quarter previous year was -0.02/share.

For the quarter ending 06/27/2016, The Analyst projected that the company could deliver EPS of -0.02 while the company provided its Actual EPS of -0.03 showing a difference of -0.01 Percent between the Estimated and Actual EPS. Hence, the surprise factor was -50 percent.

Analysts estimated $-0.02/share for the previous Quarter, where NovaGold Resources Inc. (NYSEMKT:NG) reported Actual EPS of $-0.02/share with the difference of 0 percent and a surprise of 0 percent.

The 3 analysts offering 12-month price forecasts for NovaGold Resources Inc have a median target of 6.84, with a high estimate of 8.00 and a low estimate of 5.31. The median estimate represents a +34.83% increase from the last price of 5.07.

While Looking at Sales Growth (Year/est), the company is currently showing a percentage value of 10 percent.

NovaGold Resources Inc. (NYSEMKT:NG) topped its 52-week high price target of 7.29 on Jul 11, 2016. The company reached a 52-week low at 3.5 on Jan 20, 2016.

The company’s stock currently has 1.72 Billion in market capitalization. The volatility rate is 7.06% percent and 5.72% percent each. Price per earning (ttm) stands at 0.

Company Profile:

NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its hundred percent owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold recently announced its partnership with Teck Cominco to build the Galore Creek copper-gold mine in northwestern British Columbia, with NovaGold and Teck Cominco each owning 50% of the project once Teck Cominco has completed its partnership requirements.