Wells Fargo & Company MN lessened its stake in shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 20.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,570,846 shares of the mining company’s stock after selling 410,040 shares during the quarter. Wells Fargo & Company MN owned about 0.49% of NovaGold Resources worth $7,164,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in NovaGold Resources in the 2nd quarter valued at $121,000. Exencial Wealth Advisors LLC increased its stake in NovaGold Resources by 4.9% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 27,800 shares of the mining company’s stock valued at $127,000 after buying an additional 1,300 shares during the period. Legal & General Group Plc increased its stake in NovaGold Resources by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 37,607 shares of the mining company’s stock valued at $170,000 after buying an additional 1,584 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of NovaGold Resources during the 2nd quarter worth $191,000. Finally, Karp Capital Management Corp acquired a new position in shares of NovaGold Resources during the 1st quarter worth $266,000.
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In other news, VP David Deisley sold 15,129 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $4.37, for a total value of $66,113.73. Following the completion of the sale, the vice president now directly owns 813,521 shares of the company’s stock, valued at $3,555,086.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David A. Ottewell sold 43,224 shares of NovaGold Resources stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $4.65, for a total value of $200,991.60. Following the sale, the vice president now directly owns 788,540 shares of the company’s stock, valued at $3,666,711. The disclosure for this sale can be found here. Insiders sold 105,474 shares of company stock valued at $468,430 over the last 90 days.
Shares of NovaGold Resources Inc. (NYSEMKT NG) opened at 4.17 on Wednesday. The company’s market capitalization is $1.34 billion. NovaGold Resources Inc. has a 52 week low of $3.78 and a 52 week high of $6.21. The company’s 50 day moving average is $4.25 and its 200-day moving average is $4.31.
A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Zacks Investment Research upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a report on Thursday, September 7th.
NovaGold Resources Company Profile
Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.
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