NovaGold Resources Inc. [NYSE:NG]: Analyst Rating and Earnings
Equities traders often pay a significant amount of attention to what top market analysts have to say about a potential stock investment. In regards to NovaGold Resources Inc. [NG], the most recent average analyst recommendation we can read comes from the fiscal quarter ending in November. On average, stock market experts give NG an Outperform rating. Its stock price has been found in the range of 3.41 to 4.82. This is compared to its latest closing price of $4.21.
Wall Street analysts provide their ratings on a scale of 1 to 5, and the current average score for NovaGold Resources Inc. [NG] is sitting at 2.00. This is compared to 1 month ago, when its average rating was 2.00.
Keep your eyes on this company’s next financial results, which are scheduled to be made public on Wed 26 Jun (In 15 Days).
Fundamental Analysis of NovaGold Resources Inc. [NG]
Turning to investigate this organization’s capital structure, NovaGold Resources Inc. [NG] has generated a Total Debt to Total Equity ratio of 32.10. Similarly, its Total Debt to Total Capital is 24.30, while its Total Debt to Total Assets stands at 19.77. Looking toward the future, this publicly-traded company’s Long-Term Debt to Equity is 32.10, and its Long-Term Debt to Total Capital is 24.30. This company has a healthy balance between its debt and its current holdings, suggesting it is a reliable investment due to its ability to leverage debt in an efficient way.
What about valuation? This company’s Enterprise Value to EBITDA is -69.81. Total Debt to Enterprise Value stands at 0.05. NovaGold Resources Inc. [NG] has a Price to Book Ratio of 7.42.
This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 46.28 and its Current Ratio is 46.28. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
NovaGold Resources Inc. [NG] has 326.10M shares outstanding, amounting to a total market cap of $1.33B. Its stock price has been found in the range of 3.41 to 4.82. At its current price, it has moved by -15.35% from its 52-week high, and it has moved 19.65% from its 52-week low.
This stock’s Beta value is currently -0.59, which indicates that it is more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 52.83. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is NovaGold Resources Inc. [NG] a Reliable Buy?
NovaGold Resources Inc. [NG] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.