NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) reached a new 52-week high on Monday . The stock traded as high as $6.72 and last traded at $6.70, with a volume of 36255 shares changing hands. The stock had previously closed at $6.45.
Separately, Zacks Investment Research raised NovaGold Resources from a “sell” rating to a “hold” rating in a report on Friday, July 26th.
NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last announced its earnings results on Wednesday, June 26th. The mining company reported ($0.02) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02).
In other news, VP David A. Ottewell sold 26,166 shares of NovaGold Resources stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $4.27, for a total value of $111,728.82. Following the completion of the transaction, the vice president now directly owns 619,999 shares of the company’s stock, valued at approximately $2,647,395.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory A. Lang sold 66,793 shares of NovaGold Resources stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $4.36, for a total value of $291,217.48. Following the completion of the transaction, the insider now directly owns 297,134 shares of the company’s stock, valued at $1,295,504.24. The disclosure for this sale can be found here. Insiders have sold a total of 457,460 shares of company stock worth $2,597,086 over the last ninety days.
Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its position 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 worth $101,489,000 after acquiring an additional 166,039 shares in the last quarter. Exor Investments UK LLP raised its position 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 worth $38,852,000 after acquiring an additional 684,000 shares in the last quarter. Norges Bank bought a new position in shares of NovaGold Resources in the 4th quarter worth about $12,388,000. Teacher Retirement System of Texas increased its position in 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 buying an additional 211,816 shares in the last quarter. Finally, Bank of Montreal Can increased its position in 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 buying an additional 74,937 shares in the last quarter.
About NovaGold Resources (NYSEAMERICAN:NG)
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.
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