Novagold Resources Stock Today
| NG Stock | CAD 3.89 0.11 2.75% |
Performance2 of 100
| Odds Of DistressOver 87
|
NovaGold Resources is selling at 3.89 as of the 25th of April 2024; that is -2.75 percent decrease since the beginning of the trading day. The stock's open price was 4.0. NovaGold Resources has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for NovaGold Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 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 334.37 M outstanding shares of which 2.35 M shares are now shorted by private and institutional investors with about 6.86 days to cover all short positions. More on NovaGold Resources
Moving together with NovaGold Stock
| 0.7 | ASM | Avino Silver Gold | PairCorr |
| 0.9 | BIP-PB | Brookfield Infrastructure | PairCorr |
Moving against NovaGold Stock
| 0.53 | ECN | ECN Capital Corp | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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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. | |||||
Financial leverage usually refers to 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 1.34 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 334.37 M outstanding shares of which 2.35 M shares are now shorted by private and institutional investors with about 6.86 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.
Check NovaGold Resources Probability Of Bankruptcy
Ownership AllocationNovaGold Resources maintains a total of 334.37 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.
Check NovaGold Ownership Details
NovaGold Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of NovaGold Resources jumping above the current price in 90 days from now is about 36.94%. The NovaGold Resources probability density function shows the probability of NovaGold Resources stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 1.3906. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NovaGold Resources will likely underperform. Additionally, novaGold Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of NovaGold Resources to move above the current price in 90 days from now is about 36.94 (This NovaGold Resources probability density function shows the probability of NovaGold Stock to fall within a particular range of prices over 90 days) .
NovaGold Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. NovaGold Resources market risk premium is the additional return an investor will receive from holding NovaGold Resources long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NovaGold Resources. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. 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 | 3.1 | |||
| Standard Deviation | 4.0 | |||
| Variance | 16.02 | |||
| Risk Adjusted Performance | (0.02) |
NovaGold Stock Against Markets
Picking the right benchmark for NovaGold Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NovaGold Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NovaGold Resources is critical whether you are bullish or bearish towards NovaGold Resources at a given time. Please also check how NovaGold Resources' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in NovaGold Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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NovaGold Resources Corporate Directors
NovaGold Resources corporate directors refer to members of a NovaGold Resources board of directors. The board of directors generally takes responsibility for the NovaGold Resources' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NovaGold Resources' board members must vote for the resolution. The NovaGold Resources board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Markus Faber | Independent Director | Profile | |
| Ethan Schutt | Independent Director | Profile | |
| Kalidas Madhavpeddi | Independent Director | Profile | |
| Rick Nieuwenhuyse | Director | Profile |
How to buy NovaGold Stock?
Before investing in NovaGold Resources, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NovaGold Resources. To buy NovaGold Resources stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of NovaGold Resources. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase NovaGold Resources stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located NovaGold Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased NovaGold Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NovaGold Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NovaGold Stock please use our How to Invest in NovaGold Resources guide.
Already Invested in NovaGold Resources?
The danger of trading NovaGold Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NovaGold Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NovaGold Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NovaGold Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NovaGold Resources is a strong investment it is important to analyze NovaGold Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NovaGold Resources' future performance. For an informed investment choice regarding NovaGold Stock, refer to the following important reports: 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 tightly coupled 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for NovaGold Stock analysis
When running NovaGold Resources' price analysis, check to measure NovaGold Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NovaGold Resources is operating at the current time. Most of NovaGold Resources' value examination focuses on studying past and present price action to predict the probability of NovaGold Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovaGold Resources' price. Additionally, you may evaluate how the addition of NovaGold Resources to your portfolios can decrease your overall portfolio volatility.
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