Shares of NovaGold Resources Inc. (TSE:NG – Get Rating) (AMEX:NG) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$6.05 and traded as low as C$5.78. NovaGold Resources shares last traded at C$5.91, with a volume of 84,507 shares traded.
Wall Street Analysts Forecast Growth
Separately, National Bankshares set a C$9.00 target price on NovaGold Resources and gave the stock an "outperform" rating in a research note on Wednesday, July 20th.
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The company has a market cap of C$1.97 billion and a price-to-earnings ratio of -35.39. The firm has a 50-day simple moving average of C$6.05 and a 200 day simple moving average of C$7.62. The company has a quick ratio of 51.72, a current ratio of 51.94 and a debt-to-equity ratio of 215.55.
NovaGold Resources (TSE:NG – Get Rating) (AMEX:NG) last released its earnings results on Wednesday, June 29th. The mining company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.02). On average, sell-side analysts predict that NovaGold Resources Inc. will post -0.11 earnings per share for the current fiscal year.About NovaGold Resources
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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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