Top Losers: NovaGold Resources (NYSEMKT:NG), Quicksilver Resources Inc. (NYSE:KWK), New Gold (NYSEMKT:NGD), IAMGOLD (NYSE:IAG)

Zacks downgraded shares of NovaGold Resources (NYSE:NG) to a neutral rating in a report issued on Thursday, Analyst Ratings Network reports. They currently have $3.40 target price on the stock. On last trading day NovaGold Resources Inc. (USA) (NYSEMKT:NG) ended up -6.35%lower to close at $4.28 while trading in the range of $4.25 – $4.62. Its return on assets (ROA) is -10.30%. NovaGold Resources Inc. (USA) (NYSEMKT:NG) monthly performance is 30.89%.

Quicksilver Resources (NYSE:KWK) posted its quarterly earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03), and American Banking and Market News reports. The company had revenue of $112.00 million for the quarter, compared to the consensus estimate of $116.87 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Quicksilver Resources Inc. (NYSE:KWK) in last trading activity ended up at $2.49 with day range of $2.47 – $2.68. Company weekly performance is -14.43% while its quarterly performance stands at -15.59%.Quicksilver Resources Inc. (NYSE:KWK) is -32.15% away from its 52 week high.

The Vancouver, Canada based intermediate gold mining company New Gold (NYSEMKT:NGD) begins a phase of significant capital expenditure at its Fort Frances, Ontario based project, Rainy River in 2014. As assets from the original three-way merger continue to decline and start coming offline in the coming years, the company would be in a transition period in the next couple of years. New Gold Inc. (USA) (NYSEMKT:NGD) belongs to Basic Materials sector with market capitalization of 2.97 billion and has 3.35% insider ownership. In last trading activity company’s stock closed at $5.91 while opening price was $6.36.

Stock analysts at Morgan Stanley hoisted their price objective on shares of IAMGOLD (TSE:IMG) from C$0.25 to C$4.00 in a report issued on Thursday, American Banking & Market News reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 2.68% from the stock’s previous close. On Monday shares of IAMGOLD Corp (USA) (NYSE:IAG) opened at $4.15 and closed at $3.95. This year Company’s Earnings per Share (EPS) growth is 0.24 and next year’s estimated EPS growth is 37.14%. Analysts mean target price for IAMGOLD Corp (USA) (NYSE:IAG) is $4.58.