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See what the IHS Markit Score report has to say about Novagold Resources Inc.

IHS Markit

Novagold Resources Inc

NYSE MKT:NG

Score: Neutral (38)

1 day at current score.

Upgraded from Negative on November 17th 2017

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Summary


  • This company ranked positively in all 3 IHS Markit categories but was neutral compared to the Basic Materials sector
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Positive

Short interest is low for NG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding NG are favorable, with net inflows of $1.62 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap

CDS data is not available for this security.

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