NovaGold Resources (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) posted its quarterly earnings data on Wednesday. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), Yahoo Finance reports.
NovaGold Resources Trading Up 1.3 %
NYSEAMERICAN NG opened at $4.21 on Thursday. The firm has a market cap of $1.41 billion, a PE ratio of -32.35 and a beta of 1.05. NovaGold Resources has a one year low of $2.22 and a one year high of $4.88.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. StockNews.com cut shares of NovaGold Resources from a “hold” rating to a “sell” rating in a report on Sunday, July 28th. National Bank Financial downgraded NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 24th.
About NovaGold Resources
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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