Novagold Resources Stock Today
| NG Stock | CAD 5.05 0.02 0.40% |
Performance0 of 100
| Odds Of DistressOver 86
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NovaGold Resources is selling at 5.05 as of the 28th of November 2024; that is 0.40 percent increase since the beginning of the trading day. The stock's open price was 5.03. NovaGold Resources has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for NovaGold Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
NovaGold Resources Inc. primarily explores for and develops gold mineral properties in the United States. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada. NOVAGOLD RES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. The company has 334.57 M outstanding shares of which 3.45 M shares are now shorted by private and institutional investors with about 13.22 days to cover all short positions. More on NovaGold Resources
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NovaGold Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NovaGold Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NovaGold Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Gregory Lang | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
NovaGold Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NovaGold Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsNovaGold Resources can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NovaGold Resources' financial leverage. It provides some insight into what part of NovaGold Resources' total assets is financed by creditors.
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NovaGold Resources (NG) is traded on Toronto Exchange in Canada and employs 13 people. NovaGold Resources is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.68 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NovaGold Resources's market, we take the total number of its shares issued and multiply it by NovaGold Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. NovaGold Resources classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 334.57 M outstanding shares of which 3.45 M shares are now shorted by private and institutional investors with about 13.22 days to cover all short positions.
NovaGold Resources has accumulated about 63.88 M in cash with (7.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
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Ownership AllocationNovaGold Resources maintains a total of 334.57 Million outstanding shares. Over half of NovaGold Resources' outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in NovaGold Resources. Please watch out for any change in the institutional holdings of NovaGold Resources as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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NovaGold Resources Risk Profiles
Although NovaGold Resources' alpha and beta are two of the key measurements used to evaluate NovaGold Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.39 | |||
| Standard Deviation | 3.26 | |||
| Variance | 10.64 | |||
| Risk Adjusted Performance | (0.04) |
NovaGold Stock Against Markets
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NovaGold Resources Corporate Directors
| Ethan Schutt | Independent Director | Profile | |
| Kalidas Madhavpeddi | Independent Director | Profile | |
| Clynton Nauman | Independent Director | Profile | |
| Anthony Walsh | Lead Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.