NovaGold Resources (NG) Posts Quarterly Earnings Results, Meets Expectations
NovaGold Resources (NYSE:NG) announced its earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.03), Analyst RN reports.
Shares of NovaGold Resources (NYSE:NG) opened at 3.63 on Tuesday. NovaGold Resources has a 52 week low of $1.90 and a 52 week high of $4.62. The stock’s 50-day moving average is $3. and its 200-day moving average is $2.82. The company’s market cap is $1.152 billion.
NG has been the subject of a number of recent research reports. Analysts at Cowen & Company reiterated a “hold” rating on shares of NovaGold Resources in a research note on Friday, March 21st. They now have a $3.29 price target on the stock. On a related note, analysts at Cowen and Company raised their price target on shares of NovaGold Resources from $2.77 to $3.29 in a research note on Friday, March 21st. They now have a “market perform” rating on the stock. Finally, analysts at Zacks downgraded shares of NovaGold Resources to a “neutral” rating in a research note on Thursday, February 20th. They now have a $3.40 price target on the stock.
NovaGold Resources Inc (NYSE:NG) is a precious metals company, which is engaged in the exploration and development of mineral properties in Alaska, the United States and British Columbia, Canada.
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