NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NGFree Report) (TSE:NG) by 26.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,278,090 shares of the mining company’s stock after acquiring an additional 267,713 shares during the quarter. Bank of Montreal Can owned about 0.38% of NovaGold Resources worth $5,377,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NG. First Eagle Investment Management LLC raised its position in NovaGold Resources by 16.5% during the second quarter. First Eagle Investment Management LLC now owns 21,485,443 shares of the mining company’s stock valued at $74,340,000 after buying an additional 3,042,480 shares during the period. Lingotto Investment Management LLP raised its position in NovaGold Resources by 10.2% during the second quarter. Lingotto Investment Management LLP now owns 19,428,261 shares of the mining company’s stock valued at $67,222,000 after buying an additional 1,790,528 shares during the period. Vanguard Group Inc. raised its position in NovaGold Resources by 3.7% during the first quarter. Vanguard Group Inc. now owns 10,378,109 shares of the mining company’s stock valued at $31,134,000 after buying an additional 367,401 shares during the period. Bank of New York Mellon Corp raised its position in NovaGold Resources by 24.0% during the second quarter. Bank of New York Mellon Corp now owns 897,411 shares of the mining company’s stock valued at $3,105,000 after buying an additional 173,817 shares during the period. Finally, American Century Companies Inc. acquired a new position in NovaGold Resources during the second quarter valued at $2,029,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

NovaGold Resources Trading Up 5.4 %

Shares of NG stock opened at $3.74 on Wednesday. NovaGold Resources Inc. has a one year low of $2.22 and a one year high of $4.88.

NovaGold Resources (NYSEAMERICAN:NGGet Free Report) (TSE:NG) last announced 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).

Analysts Set New Price Targets

Separately, Citigroup raised NovaGold Resources to a “strong-buy” rating in a research report on Thursday, October 3rd.

Read Our Latest Stock Report on NovaGold Resources

NovaGold Resources Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NovaGold Resources (NYSEAMERICAN:NG)

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