Novagold Resources Inc. Insider Ethan Schutt Boosts Stake with $20K Purchase
ByAinvest
Wednesday, Jul 30, 2025 8:21 pm ET1min read
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This latest insider buy is part of a broader trend at Novagold Resources Inc, where insider buying has outpaced insider selling over the past year. The company has seen three insider purchases and no insider sales during this period, indicating a positive sentiment among insiders [2].
The purchase comes amidst a flurry of analyst upgrades and price target increases for Novagold Resources Inc. Citigroup recently initiated coverage on the stock, assigning it a "buy" rating with a $7.00 target price [2]. Royal Bank of Canada also raised its rating from "hold" to "moderate buy" and increased its target price to $7.00 [2]. These upgrades suggest that analysts are increasingly optimistic about the company's prospects.
Ethan Schutt's latest purchase is significant as it represents a substantial investment in the company's future. The insider buying trend, coupled with analyst upgrades, indicates a positive outlook for Novagold Resources Inc. However, investors should always conduct their own due diligence and consider their risk tolerance before making investment decisions.
References:
[1] https://www.marketbeat.com/instant-alerts/insider-buying-novagold-resources-inc-tseng-director-purchases-3824-shares-of-stock-2025-07-29/
[2] https://www.marketbeat.com/instant-alerts/novagold-resources-inc-nyseamericanng-director-ethan-schutt-buys-3824-shares-2025-07-29/
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Ethan Schutt, a Director at Novagold Resources Inc (NG), purchased 3,824 shares of the company on July 28, 2025, for $5.23 per share. This brings the total shares owned by Schutt to 51,735. The recent purchase is part of a trend of insider buying at Novagold Resources Inc, with three insider buys and no insider sells over the past year.
Ethan Schutt, a Director at Novagold Resources Inc (NG), recently purchased 3,824 shares of the company on July 28, 2025, at an average price of $5.23 per share. This acquisition brings Schutt's total shareholding to 51,735 shares, representing a 7.98% increase in his ownership [2].This latest insider buy is part of a broader trend at Novagold Resources Inc, where insider buying has outpaced insider selling over the past year. The company has seen three insider purchases and no insider sales during this period, indicating a positive sentiment among insiders [2].
The purchase comes amidst a flurry of analyst upgrades and price target increases for Novagold Resources Inc. Citigroup recently initiated coverage on the stock, assigning it a "buy" rating with a $7.00 target price [2]. Royal Bank of Canada also raised its rating from "hold" to "moderate buy" and increased its target price to $7.00 [2]. These upgrades suggest that analysts are increasingly optimistic about the company's prospects.
Ethan Schutt's latest purchase is significant as it represents a substantial investment in the company's future. The insider buying trend, coupled with analyst upgrades, indicates a positive outlook for Novagold Resources Inc. However, investors should always conduct their own due diligence and consider their risk tolerance before making investment decisions.
References:
[1] https://www.marketbeat.com/instant-alerts/insider-buying-novagold-resources-inc-tseng-director-purchases-3824-shares-of-stock-2025-07-29/
[2] https://www.marketbeat.com/instant-alerts/novagold-resources-inc-nyseamericanng-director-ethan-schutt-buys-3824-shares-2025-07-29/
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