NovaGold Resources Inc. (NYSEAMERICAN:NG) Insider Sells $267,342.96 in Stock

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) insider Gregory A. Lang sold 44,116 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $6.06, for a total transaction of $267,342.96. Following the completion of the sale, the insider now directly owns 239,059 shares in the company, valued at $1,448,697.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NG stock opened at $6.53 on Friday. NovaGold Resources Inc. has a 12 month low of $3.41 and a 12 month high of $6.57.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its quarterly earnings data on Wednesday, June 26th. The mining company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02).

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of NovaGold Resources by 0.7% in the 1st quarter. FMR LLC now owns 24,349,227 shares of the mining company’s stock valued at $101,489,000 after purchasing an additional 166,039 shares during the period. Exor Investments UK LLP lifted its stake in shares of NovaGold Resources by 11.6% in the 2nd quarter. Exor Investments UK LLP now owns 6,573,905 shares of the mining company’s stock valued at $38,852,000 after purchasing an additional 684,000 shares during the period. Norges Bank acquired a new position in shares of NovaGold Resources in the 4th quarter valued at $12,388,000. Teacher Retirement System of Texas lifted its stake in shares of NovaGold Resources by 13.2% in the 1st quarter. Teacher Retirement System of Texas now owns 1,821,816 shares of the mining company’s stock valued at $7,597,000 after purchasing an additional 211,816 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of NovaGold Resources by 5.1% in the 1st quarter. Bank of Montreal Can now owns 1,552,170 shares of the mining company’s stock valued at $6,472,000 after purchasing an additional 74,937 shares during the period.

Separately, Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday.

About NovaGold Resources

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.

Further Reading: Stochastic Momentum Index (SMI)

Insider Buying and Selling by Quarter for NovaGold Resources (NYSEAMERICAN:NG)

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