NovaGold Resources (NG) to Release Earnings on Wednesday

NovaGold Resources (TSE:NG) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 2nd.

NovaGold Resources (TSE:NG) last announced its quarterly earnings results on Wednesday, June 26th. The company reported C($0.06) EPS for the quarter.

NovaGold Resources Price Performance

NG stock opened at C$5.86 on Wednesday. The company has a market cap of C$1.96 billion, a P/E ratio of -32.56 and a beta of 1.07. The stock’s fifty day moving average price is C$5.93 and its 200-day moving average price is C$4.99. NovaGold Resources has a 1 year low of C$2.98 and a 1 year high of C$6.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. National Bankshares cut shares of NovaGold Resources from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$6.50 to C$7.00 in a research note on Thursday, July 25th. National Bank Financial downgraded NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

NovaGold Resources Company Profile

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.