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NYSEMKT: NG

How to Buy Novagold Resources Stock

Novagold Resources Inc

NovaGold Resources Inc. primarily explores for and develops gold mineral properties in the United States.

Novagold Resources stock last closed at $2.85, down 2.73% from the previous day, and has decreased 48.83% in one year. It has underperformed other stocks in the Gold industry by 0.39 percentage points. Novagold Resources stock is currently +28.09% from its 52-week low of $2.23, and -50.43% from its 52-week high of $5.75.

As of Apr 24, 2024, there are 334.37M shares of NG outstanding. The market cap of NG is $952.96M. In the past 24 hours, 1.2M NG shares were traded.

How to Buy Novagold Resources Stock

Wondering how to invest in Novagold Resources stock? Here's how.
  1. Decide where to buy Novagold Resources stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Novagold Resources stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Pick your payment method and add your information.
  4. Research Novagold Resources stock: The Novagold Resources ticker symbol is NG. Is Novagold Resources stock a good investment? Should you buy shares of NG? How do NG's underlying business fundamentals look? Do top analysts think Novagold Resources is a good buy? Why has NG's stock price moved recently? (Hint: Our stock analysis website can help you figure out if NG is a good stock to buy).
  5. Execute your NG buy order: Decide if you will purchase NG shares at the current market price or use a limit order to buy NG shares at a given price.
  6. Get updates on your investment in NG: Create a watchlist to watch your investment in Novagold Resources shares.

Step 1: Decide where to buy Novagold Resources stock

You need an online brokerage account in order to access the NYSEMKT market and buy NG shares.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've picked the right brokerage, you need to fill out some personal information so you are able to invest in NG stock today.

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  1. Click here to get started.
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  2. Provide your personal info to start a new brokerage account.
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Step 3: Deposit money your brokerage account

Now that you've created your account on investing apps, you need to deposit funds:

Watch this video walkthrough for more details transferring money into your new investment account.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Novagold Resources stock

After you have chosen the best place to buy Novagold Resources stock, it's critical to evaluate their stock prior to investing, so you truly understand the risk and opportunity.

Novagold Resources Numbers

NG Price
$2.85
1w %
-8.95%
1y %
-48.83%
5y %
-29.63%
P/E
-21.92x
P/B
-59.13x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$46.46M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$952.96M
Next Earnings
N/A
Next Dividend
N/A

Novagold Resources Overview

WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on NG's stock page.

Is NG stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge NG's fair value.

You can access more valuation research on NG's stock here.

How do NG Financials look?

Pros:

  • NG has cash burn of 7924000. It has sufficient cash and short-term investments to cover this for at least one year.
  • NG has $117.50M in cash and short term investments. This is enough to cover its annual cash burn of $7.92M.
  • There are more short-term assets than short-term liabilities on the NG balance sheet.

Cons:

  • NG debt to equity ratio of -8.87 is negative.
  • There are more long-term liabilities than short-term assets on the NG balance sheet.
  • Total NG debt is still negative.

NG Trading Indicators

SMA10
3.05
SMA20
3.09
SMA50
2.75
SMA100
3.07
SMA200
3.54
MACD
0.04
MACD Signal
0.09
MACD Histogram
-0.05
RSI
45.15
Stochastic %K
16.75
Stochastic %D
24.42
StochRSI %K
11.5
StochRSI %D
8.23

Who is buying/selling NG?

Over the last year, executives and large shareholders at NG have bought more shares than they have sold.

Gregory A. Lang, President and CEO of NG, was the latest NG insider to buy. They bought $16,074.00 worth of NG shares on Mar 31, 2024.

Dig into more about who owns NG stock here.

Does NG stock generate passive income?

No, Novagold Resources doesn't provide an income stream by paying out dividends.

What others are saying about NG

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Execute your NG buy order

There are two primary order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at an exact dollar amount, place a limit order.

Hit the Open Trade button and your broker will place your order.

If you need more assistance investing in stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Get updates on your investment in NG

Now that you own some shares in NG, you'll want to stay up-to-date on your stock purchase.

Start a watchlist to get notified of the latest news about your NG stock.

NG Feed

How to Buy Stock in Novagold Resources

To reiterate, here are the 6 steps to buy Novagold Resources stock:

  1. Decide where to buy Novagold Resources stock
  2. Open your brokerage account
  3. Deposit money your brokerage account
  4. Research Novagold Resources stock
  5. Execute your NG buy order
  6. Get updates on your investment in NG

If you require a online brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to watch your new investment in Novagold Resources, create a watchlist today.

NYSEMKT: NG
$2.85-0.08 (-2.73%)
Updated Apr 24, 2024
Open eToro Account
NYSEMKT: NG
$2.85-0.08 (-2.73%)
Updated Apr 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Novagold Resources share?

As of Apr 24, 2024, it costs $2.85 to buy one share of Novagold Resources stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.351 shares of NG.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Novagold Resources stock?

One way to place an order for Novagold Resources stock is with a brokerage account.
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