NovaGold Resources (NG) Set to Announce Earnings on Wednesday

NovaGold Resources (TSE:NG) will release its earnings data after the market closes on Wednesday, October 2nd.

NovaGold Resources Trading Down 2.1 %

Shares of TSE NG opened at C$5.57 on Tuesday. NovaGold Resources has a 12 month low of C$2.98 and a 12 month high of C$6.73. The company has a 50 day simple moving average of C$5.92 and a two-hundred day simple moving average of C$5.04. The stock has a market cap of C$1.86 billion, a price-to-earnings ratio of -32.76 and a beta of 1.07.

Wall Street Analyst Weigh In

Several analysts recently commented on NG shares. National Bank Financial cut shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. National Bankshares cut shares of NovaGold Resources from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$6.50 to C$7.00 in a research report on Thursday, July 25th.

About NovaGold Resources

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.