NG NovaGold Resources Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NG NovaGold Resources prior to the earnings report this week,
I would consider purchasing the 3usd strike price at the money calls with
an expiration date of 2024-6-21,
for a premium of approximately $0.37.
If these options prove to be profitable
Next report date
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Report period
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EPS estimate
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Revenue estimate
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−0.18 CAD
−62.19 M CAD
0.00 CAD
244.73 M
About Novagold Resources Inc.
Sector
Industry
CEO
Gregory A. Lang
Website
Headquarters
Salt Lake City
Founded
1984
FIGI
BBG000BC5FP4
NovaGold Resources, Inc. is a mineral exploration company. It focuses on its Donlin Gold project in Alaska. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse, and Gerald James McConnell on December 5, 1984 and is headquartered in Salt Lake City, UT.
Area 51Key area of interest in the $4 range.
Oversold on multiple time frames. Back to area of breakout. At an annual pivot. Potential weekly and monthly stochastic divergences, but only minor ones and not confirmed. Worth a small shot with 40 cent trailing stop and first target 4.80. Then reevaluate
Long NGNG closed with a solid weekly candle which is indicating bullish momentum. It appears that we're primed to test the .618 level, and if we break through, we're in for a massive move. Breaking that level means shattering resistance and breaching the 200 EMA - all good signs for a rise in NG prices. I’
NEW POSITION $NG Target 10.09 for 23.20% $NG Target 10.09 for 23.20%
Or double position at 6.29
That's one heck of a dip right there. I don't love trading gold so I took a smaller than normal position here... but it looks like it has a nice range.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
An aggregate view of professional's ratings.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of NG is 4.12 CAD — it has decreased by −1.90% in the past 24 hours. Watch NOVAGOLD RESOURCES INC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on TSX exchange NOVAGOLD RESOURCES INC stocks are traded under the ticker NG.
NG stock has risen by 16.38% compared to the previous week, the month change is a −15.57% fall, over the last year NOVAGOLD RESOURCES INC has showed a −5.07% decrease.
We've gathered analysts' opinions on NOVAGOLD RESOURCES INC future price: according to them, NG price has a max estimate of 13.87 CAD and a min estimate of 6.00 CAD. Watch NG chart and read a more detailed NOVAGOLD RESOURCES INC stock forecast: see what analysts think of NOVAGOLD RESOURCES INC and suggest that you do with its stocks.
NG stock is 5.24% volatile and has beta coefficient of 1.87. Track NOVAGOLD RESOURCES INC stock price on the chart and check out the list of the most volatile stocks — is NOVAGOLD RESOURCES INC there?
Today NOVAGOLD RESOURCES INC has the market capitalization of 1.38 B, it has increased by 13.80% over the last week.
Yes, you can track NOVAGOLD RESOURCES INC financials in yearly and quarterly reports right on TradingView.
NOVAGOLD RESOURCES INC is going to release the next earnings report on Jun 24, 2025. Keep track of upcoming events with our Earnings Calendar.
NG earnings for the last quarter are −0.043 CAD per share, whereas the estimation was −0.058 CAD resulting in a 25.38% surprise. The estimated earnings for the next quarter are −0.056 CAD per share. See more details about NOVAGOLD RESOURCES INC earnings.
NG net income for the last quarter is −13.05 M CAD, while the quarter before that showed −14.94 M CAD of net income which accounts for 12.67% change. Track more NOVAGOLD RESOURCES INC financial stats to get the full picture.
No, NG doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Apr 20, 2025, the company has 14 employees. See our rating of the largest employees — is NOVAGOLD RESOURCES INC on this list?
Like other stocks, NG shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade NOVAGOLD RESOURCES INC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So NOVAGOLD RESOURCES INC technincal analysis shows the neutral today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating NOVAGOLD RESOURCES INC stock shows the sell signal. See more of NOVAGOLD RESOURCES INC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.