Guild Investment Management Inc. bought a new position in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) during the second its most recent disclosure with the SEC. The institutional investor bought 66,490 shares of the mining company’s stock, valued at approximately $393,000.
Several other large investors have also added to or reduced their stakes in NG. Mercer Global Advisors Inc. ADV purchased a new stake in shares of NovaGold Resources in the 1st quarter worth about $43,000. Miracle Mile Advisors LLC bought a new position in NovaGold Resources in the 1st quarter worth about $96,000. Shell Asset Management Co. boosted its stake in NovaGold Resources by 28.7% in the 1st quarter. Shell Asset Management Co. now owns 23,741 shares of the mining company’s stock worth $99,000 after purchasing an additional 5,300 shares in the last quarter. Creative Planning boosted its stake in NovaGold Resources by 83.2% in the 1st quarter. Creative Planning now owns 25,550 shares of the mining company’s stock worth $107,000 after purchasing an additional 11,600 shares in Campbell & CO Investment Adviser LLC bought a new position in NovaGold Resources in the 2nd quarter worth about $136,000.
Get NovaGold Resources alerts: NYSEAMERICAN NG opened at $6.93 on Friday. NovaGold Resources Inc. has a 52 week low of $3.41 and a 52 week high of $6.97.
NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its earnings results on Wednesday, June 26th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02).
Separately, Zacks Investment Research upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.
In other news, insider Gregory A. Lang sold 57,976 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $6.33, for a total transaction of $366,988.08. Following the completion of the transaction, the insider now directly owns 254,803 shares in the company, valued at approximately $1,612,902.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, VP David A. Ottewell sold 26,166 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $4.27, for a total value of $111,728.82. Following the transaction, the vice president now owns 619,999 shares of the company’s stock, valued at $2,647,395.73. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 457,460 shares of company stock valued at $2,597,086.
About NovaGold Resources
NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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.
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