NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) announced its quarterly earnings data on Wednesday. The mining company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02), MarketWatch Earnings reports.
NYSEAMERICAN:NG opened at $8.61 on Friday. NovaGold Resources has a 1 year low of $4.65 and a 1 year high of $12.85.
Several brokerages have recently issued reports on NG. B. Riley reaffirmed a “buy” rating and issued a $30.00 price target on shares of NovaGold Resources in a research report on Friday, April 3rd. Zacks Investment Research raised NovaGold Resources from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, May 29th.
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.
Further Reading: Understanding dividend yield and dividend payout ratio
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