Sheaff Brock Investment Advisors LLC bought a new position in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG) in the first quarter, HoldingsChannel reports. The firm bought 10,511 shares of the mining company’s stock, valued at approximately $32,000.
A number of other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in NovaGold Resources in the first quarter worth about $28,000. HTLF Bank bought a new position in shares of NovaGold Resources during the fourth quarter valued at approximately $67,000. Oak Thistle LLC bought a new position in shares of NovaGold Resources during the fourth quarter valued at approximately $75,000. Principal Financial Group Inc. increased its stake in shares of NovaGold Resources by 15.7% during the first quarter. Principal Financial Group Inc. now owns 32,529 shares of the mining company’s stock valued at $98,000 after purchasing an additional 4,406 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of NovaGold Resources during the fourth quarter valued at approximately $105,000. 57.56% of the stock is currently owned by hedge funds and other institutional investors.
NovaGold Resources Trading Up 4.4 %
Shares of NYSEAMERICAN:NG traded up $0.20 during trading on Friday, reaching $4.75. 1,397,039 shares of the stock traded hands, compared to its average volume of 1,848,553. NovaGold Resources Inc. has a 52-week low of $2.22 and a 52-week high of $4.88.
Analyst Ratings Changes
A number of brokerages have weighed in on NG. National Bank Financial downgraded shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. StockNews.com downgraded shares of NovaGold Resources from a “hold” rating to a “sell” rating in a research note on Monday, July 22nd.
View Our Latest Stock Report on NG
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.
See Also
- Five stocks we like better than NovaGold Resources
- NYSE Stocks Give Investors a Variety of Quality Options
- Why Call Options Volume for These 2 Stocks Spiked Together
- Stock Market Upgrades: What Are They?
- MarketBeat Week in Review – 7/22 – 7/26
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Want to see what other hedge funds are holding NG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NovaGold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG).
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.
