NovaGold Resources (NG) Earns Buy Rating from B. Riley

NovaGold Resources (TSE:NG) (AMEX:NG)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a research note issued to investors on Monday, December 18th. B. Riley also issued estimates for NovaGold Resources’ Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at ($0.17) EPS, Q1 2018 earnings at ($0.04) EPS, Q2 2018 earnings at ($0.03) EPS, Q3 2018 earnings at ($0.03) EPS, Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.10) EPS and FY2019 earnings at ($0.09) EPS.

Shares of NovaGold Resources (TSE:NG) traded up C$0.06 on Monday, reaching C$4.92. 144,669 shares of the company’s stock traded hands, compared to its average volume of 130,961. NovaGold Resources has a 52 week low of C$4.33 and a 52 week high of C$8.15. The firm has a market cap of $1,570.00, a PE ratio of -35.14 and a beta of -0.32.

In other NovaGold Resources news, insider David Lee Deisley sold 8,970 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of C$5.15, for a total transaction of C$46,195.50. Also, insider Gregory Anthony Lang sold 5,528 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of C$4.92, for a total value of C$27,197.76. Over the last 90 days, insiders sold 174,502 shares of company stock worth $881,276.

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NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

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