NovaGold Resources (NYSEAMERICAN:NG) Announces Quarterly Earnings Results

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) released its earnings results on Wednesday. The mining company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02), Fidelity Earnings reports.

NovaGold Resources stock opened at $5.78 on Friday. NovaGold Resources has a fifty-two week low of $3.41 and a fifty-two week high of $5.81.

In related news, VP David A. Ottewell sold 26,166 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $4.27, for a total transaction of $111,728.82. Following the completion of the sale, the vice president now directly owns 619,999 shares in the company, valued at $2,647,395.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory A. Lang sold 66,793 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $4.36, for a total transaction of $291,217.48. Following the sale, the insider now owns 297,134 shares of the company’s stock, valued at $1,295,504.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,159 shares of company stock valued at $403,800.

Separately, Zacks Investment Research cut shares of NovaGold Resources from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th.

NovaGold Resources Company Profile

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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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Earnings History for NovaGold Resources (NYSEAMERICAN:NG)

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