NovaGold Resources Inc.’s filing revealed that its President and CEO Lang Gregory A. unloaded Company’s shares for reported $98179.0 on Nov 04. In the deal valued at $4.80 per share,20,454 shares were sold. As a result of this transaction, Lang Gregory A. now holds 8,801 shares worth roughly $ 43828.98.
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Then, Dowdall Sharon sold 25,666 shares, generating $123,710 in total proceeds. Upon selling the shares at $4.82, the Director now owns 43,609 shares.
Before that, Walsh Anthony P. sold 4,027 shares. NovaGold Resources Inc. shares valued at $18,444 were divested by the Director at a price of $4.58 per share. As a result of the transaction, Walsh Anthony P. now holds 40,801 shares, worth roughly $0.2 million.
National Bank Financial initiated its NovaGold Resources Inc. [NG] rating to an Outperform in a research note published on Monday. B. Riley FBR Inc. began covering NG with “Buy” recommendation on December 19, 2017. JP Morgan revised its rating on September 27, 2016. It rated NG as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NG
On Monday, NovaGold Resources Inc. [AMEX:NG] saw its stock jump 2.26% to $4.98. On the same session, the stock had its day’s lowest price of $4.83, but rose to a high of $4.99. Over the last five days, the stock has gained 7.56%. NovaGold Resources Inc. shares have fallen nearly -27.41% since the year began. Nevertheless, the stocks have fallen -35.74% over the past one year. While a 52-week high of $8.36 was reached on 04/18/22, a 52-week low of $4.06 was recorded on 09/01/22. SMA at 50 days reached $4.58, while 200 days put it at $5.74. A total of 1.36 million shares were traded, compared to the trading of 1.37 million shares in the previous session.
Levels Of Support And Resistance For NG Stock
The 24-hour chart illustrates a support level at 4.87, which if violated will result in even more drops to 4.77. On the upside, there is a resistance level at 5.04. A further resistance level may holdings at 5.10. The Relative Strength Index (RSI) on the 14-day chart is 57.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.43%. Stochastics %K at 67.71% indicates the stock is a holding.
How much short interest is there in NovaGold Resources Inc.?
A steep rise in short interest was recorded in NovaGold Resources Inc. stocks on Jul 14, 2022, dropping by -0.48 million shares to a total of 9.03 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.51 million shares. There was a decline of -5.32%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.65.
NovaGold Resources Inc. [NG] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 24,863,032 shares, or roughly 7.46% of the outstanding NG shares. In other words, the investor’s shares have risen by 1,746 from its previous 13-F filing of 24861286.0. Over the last quarter, Exor Investments purchased 1,705,036 shares of NovaGold Resources Inc., while BlackRock Fund Advisors bought 280,737 shares. At present, Van Eck Associates Corp. is holding 9,519,678 shares valued at $44.65 million. Kopernik Global Investors LLC owned 7,791,741 shares of the company at the time of its most recent 13F filing, worth $36.54 million.
According to FactSet, NovaGold Resources Inc.’s share price will average $8.06 in the next year, based on opinions of analysts polled by the firm. This is up nearly 56.47 percent from its previous closing price of $4.87. Analysts expect NovaGold Resources Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $7.00. However, 4 analysts have rated NG stock as an Overweight in their predictions for 2022. The most recent change occurred on October 17, 2011 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $11.