NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) issued its earnings results on Wednesday. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02), MarketWatch Earnings reports.
Shares of NYSEAMERICAN NG traded down $0.34 during trading hours on Thursday, hitting $11.55. 95,435 shares of the stock were exchanged, compared to its average volume of 2,934,770. NovaGold Resources has a 1-year low of $4.65 and a 1-year high of $12.85.
Separately, Zacks Investment Research cut shares of NovaGold Resources from a “hold” rating to a “sell” rating in a report on Friday, July 3rd.
In other NovaGold Resources news, CEO Gregory A. Lang sold 88,800 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $10.55, for a total value of $936,840.00. Following the sale, the chief executive officer now owns 148,500 shares in the company, valued at $1,566,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory A. Lang sold 89,894 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $10.65, for a total transaction of $957,371.10. Following the completion of the sale, the chief executive officer now owns 148,500 shares in the company, valued at approximately $1,581,525. The disclosure for this sale can be found here.
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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