NovaGold Resources (TSE:NG) Hits New 12-Month Low – Here’s What Happened

Posted by Scott Moore on Apr 6th, 2025

NovaGold Resources Inc. (TSE:NG – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$3.64 and last traded at C$3.74, with a volume of 262972 shares. The stock had previously closed at C$3.98.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded shares of NovaGold Resources to a “hold” rating in a report on Friday, March 21st.

View Our Latest Research Report on NG

NovaGold Resources Stock Performance

The firm has a market cap of C$884.25 million, a price-to-earnings ratio of -19.37 and a beta of 1.07. The business’s 50 day moving average price is C$4.53 and its 200 day moving average price is C$4.84.

NovaGold Resources Company Profile

(Get Free Report)

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.