NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 18.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,785 shares of the mining company’s stock after acquiring an additional 30,833 shares during the quarter. SG Americas Securities LLC owned 0.06% of NovaGold Resources worth $807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. ProShare Advisors LLC boosted its holdings in NovaGold Resources by 8.5% during the first quarter. ProShare Advisors LLC now owns 43,468 shares of the mining company’s stock worth $130,000 after buying an additional 3,422 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in NovaGold Resources by 15.7% during the first quarter. Principal Financial Group Inc. now owns 32,529 shares of the mining company’s stock worth $98,000 after buying an additional 4,406 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NovaGold Resources by 15.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,210 shares of the mining company’s stock worth $225,000 after buying an additional 8,441 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in NovaGold Resources by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 293,306 shares of the mining company’s stock worth $1,022,000 after buying an additional 8,521 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in NovaGold Resources during the first quarter worth $28,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

Analysts Set New Price Targets

NG has been the topic of a number of recent analyst reports. Citigroup raised shares of NovaGold Resources to a “strong-buy” rating in a report on Thursday, October 3rd. National Bank Financial downgraded shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of NovaGold Resources from a “hold” rating to a “sell” rating in a report on Sunday, July 28th.

NovaGold Resources Stock Up 1.4 %

Shares of NYSEAMERICAN NG opened at $3.51 on Friday. NovaGold Resources Inc. has a 52 week low of $2.22 and a 52 week high of $4.88. The stock has a market capitalization of $1.17 billion, a PE ratio of -27.00 and a beta of 1.05.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings results on Wednesday, October 2nd. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01).

NovaGold Resources Company Profile

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares 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.