Dawn Patricia Whittaker Purchases 4,000 Shares of NovaGold Resources (TSE:NG) Stock

NovaGold Resources Inc. (TSE:NG) Director Dawn Patricia Whittaker acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was purchased at an average price of C$12.79 per share, for a total transaction of C$51,160.00. Following the acquisition, the director directly owned 4,000 shares in the company, valued at approximately C$51,160. This trade represents a ∞ increase in their position.

NovaGold Resources Stock Performance

TSE NG opened at C$12.56 on Friday. The firm has a market cap of C$5.11 billion, a price-to-earnings ratio of -50.24 and a beta of 2.15. NovaGold Resources Inc. has a one year low of C$3.22 and a one year high of C$16.27. The firm has a 50 day simple moving average of C$13.58 and a 200-day simple moving average of C$11.68.

NovaGold Resources (TSE:NG) last posted its quarterly earnings results on Thursday, January 22nd. The company reported C($0.05) EPS for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Scotiabank set a C$21.00 price objective on NovaGold Resources and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets upgraded shares of NovaGold Resources to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, National Bankshares raised shares of NovaGold Resources from a “sector perform” rating to an “outperform” rating and set a C$15.00 price objective on the stock in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$18.00.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.