NovaGold Resources (NG) Scheduled to Post Earnings on Wednesday

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) is set to post its quarterly earnings results on Wednesday, April 3rd.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last announced its quarterly earnings results on Wednesday, January 24th. The mining company reported ($0.03) earnings per share for the quarter.

NovaGold Resources Stock Up 5.5 %

Shares of NYSEAMERICAN NG opened at $3.17 on Tuesday. The company has a current ratio of 32.57, a quick ratio of 32.57 and a debt-to-equity ratio of 3,250.59. The stock has a market capitalization of $1.06 billion, a P/E ratio of -24.35 and a beta of 1.06. NovaGold Resources has a fifty-two week low of $2.22 and a fifty-two week high of $6.68.

Institutional Trading of NovaGold Resources

Several hedge funds have recently added to or reduced their stakes in the business. Exor Capital LLP increased its position in shares of NovaGold Resources by 6.3% in the fourth quarter. Exor Capital LLP now owns 15,702,926 shares of the mining company’s stock valued at $136,877,000 after acquiring an additional 926,148 shares during the period. BlackRock Inc. increased its position in shares of NovaGold Resources by 6.1% in the second quarter. BlackRock Inc. now owns 14,181,262 shares of the mining company’s stock valued at $56,583,000 after acquiring an additional 820,315 shares during the period. Vanguard Group Inc. increased its position in shares of NovaGold Resources by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 10,010,708 shares of the mining company’s stock valued at $37,440,000 after acquiring an additional 187,419 shares during the period. State Street Corp increased its position in shares of NovaGold Resources by 2.0% in the second quarter. State Street Corp now owns 3,637,938 shares of the mining company’s stock valued at $14,515,000 after acquiring an additional 70,684 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of NovaGold Resources by 5.1% in the second quarter. Geode Capital Management LLC now owns 2,389,104 shares of the mining company’s stock valued at $9,530,000 after acquiring an additional 116,090 shares during the period. 57.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, National Bank Financial restated an “outperform overweight” rating on shares of NovaGold Resources in a research note on Wednesday, January 3rd.

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.