NovaGold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.
Separately, National Bank Financial lowered NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th.
View Our Latest Stock Report on NG
NovaGold Resources Stock Performance
NovaGold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) last issued its quarterly earnings results on Wednesday, June 26th. The mining company reported ($0.04) earnings per share for the quarter.
Institutional Investors Weigh In On NovaGold Resources
Several institutional investors and hedge funds have recently added to or reduced their stakes in NG. Allspring Global Investments Holdings LLC acquired a new stake in NovaGold Resources in the 1st quarter worth approximately $28,000. Sheaff Brock Investment Advisors LLC acquired a new stake in NovaGold Resources in the 1st quarter worth approximately $32,000. HTLF Bank acquired a new stake in NovaGold Resources in the 4th quarter worth approximately $67,000. Cypress Wealth Services LLC acquired a new stake in NovaGold Resources in the 2nd quarter worth approximately $70,000. Finally, Oak Thistle LLC bought a new position in NovaGold Resources in the 4th quarter worth approximately $75,000. 57.56% of the stock is currently owned by institutional investors and hedge funds.
NovaGold Resources Company Profile
NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.
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