NovaGold Resources Inc. (NYSEAMERICAN:NG – Get Free Report) (TSE:NG) gapped up prior to trading on Tuesday . The stock had previously closed at $4.10, but opened at $4.19. NovaGold Resources shares last traded at $4.13, with a volume of 41,919 shares changing hands.
Analyst Ratings Changes
NG has been the topic of several research reports. StockNews.com lowered NovaGold Resources from a “hold” rating to a “sell” rating in a research report on Sunday, July 28th. National Bank Financial lowered NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th.
Get Our Latest Stock Report on NG
NovaGold Resources Trading Up 1.5 %
Institutional Trading of NovaGold Resources
A number of hedge funds and other institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC increased its stake in shares of NovaGold Resources by 16.5% in the second quarter. First Eagle Investment Management LLC now owns 21,485,443 shares of the mining company’s stock worth $74,340,000 after buying an additional 3,042,480 shares during the last quarter. Lingotto Investment Management LLP increased its position in shares of NovaGold Resources by 10.2% in the 2nd quarter. Lingotto Investment Management LLP now owns 19,428,261 shares of the mining company’s stock worth $67,222,000 after purchasing an additional 1,790,528 shares during the last quarter. Paulson & CO. Inc. increased its position in shares of NovaGold Resources by 5.9% in the 4th quarter. Paulson & CO. Inc. now owns 23,541,483 shares of the mining company’s stock worth $88,045,000 after purchasing an additional 1,315,183 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of NovaGold Resources in the 2nd quarter valued at about $2,029,000. Finally, Russell Investments Group Ltd. lifted its position in shares of NovaGold Resources by 37.0% during the first quarter. Russell Investments Group Ltd. now owns 2,119,689 shares of the mining company’s stock worth $6,359,000 after purchasing an additional 572,273 shares during the last quarter. 57.56% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than NovaGold Resources
- Investing In Automotive Stocks
- Why Lennar Stock Could Be the Best Play in the Housing Market
- What is a SEC Filing?
- 2 Energy Stocks Fueling the AI Datacenter Boom
- What Does Downgrade Mean in Investing?
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for NovaGold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NovaGold Resources and related companies with MarketBeat.com's FREE daily email newsletter.