NovaGold Resources (NYSEAMERICAN:NG) Announces Earnings Results, Hits Estimates

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) posted its quarterly earnings results on Tuesday. The mining company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02), Fidelity Earnings reports.

NG traded up $0.18 during trading on Wednesday, hitting $6.33. 82,865 shares of the stock traded hands, compared to its average volume of 2,096,573. NovaGold Resources has a twelve month low of $3.42 and a twelve month high of $7.95.

In other news, Director Igor Levental sold 27,063 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $5.55, for a total transaction of $150,199.65. Following the completion of the transaction, the director now directly owns 198,573 shares in the company, valued at $1,102,080.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory A. Lang sold 50,225 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $7.47, for a total transaction of $375,180.75. Following the transaction, the chief executive officer now owns 264,095 shares of the company’s stock, valued at $1,972,789.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 530,269 shares of company stock valued at $3,503,020.

A number of equities research analysts have recently issued reports on the company. B. Riley set a $9.00 price objective on NovaGold Resources and gave the stock a “buy” rating in a report on Friday, August 23rd. Zacks Investment Research upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a report on Thursday, September 12th.

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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