NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) VP David A. Ottewell sold 43,224 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $4.65, for a total transaction of $200,991.60. Following the transaction, the vice president now owns 788,540 shares in the company, valued at approximately $3,666,711. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NovaGold Resources Inc. (NG) traded down 1.14% on Tuesday, hitting $4.35. 2,517,820 shares of the stock were exchanged. The stock’s market capitalization is $1.40 billion. NovaGold Resources Inc. has a one year low of $3.78 and a one year high of $7.27. The company has a 50 day moving average of $4.40 and a 200 day moving average of $4.76.
A number of hedge funds have recently bought and sold shares of NG. Van ECK Associates Corp raised its stake in NovaGold Resources by 30.9% in the first quarter. Van ECK Associates Corp now owns 33,502,151 shares of the mining company’s stock valued at $163,155,000 after buying an additional 7,908,873 shares during the period. Vanguard Group Inc. raised its stake in NovaGold Resources by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,533,079 shares of the mining company’s stock valued at $22,076,000 after buying an additional 140,796 shares during the period. Norges Bank purchased a new stake in NovaGold Resources during the fourth quarter valued at about $20,316,000. Empyrean Capital Partners LP raised its stake in NovaGold Resources by 13.0% in the fourth quarter. Empyrean Capital Partners LP now owns 2,619,564 shares of the mining company’s stock valued at $11,945,000 after buying an additional 301,941 shares during the period. Finally, Clearbridge Investments LLC raised its stake in NovaGold Resources by 0.9% in the first quarter. Clearbridge Investments LLC now owns 2,458,184 shares of the mining company’s stock valued at $11,971,000 after buying an additional 20,780 shares during the period.
NG has been the topic of a number of recent research reports. BidaskClub upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Zacks Investment Research downgraded shares of NovaGold Resources from a “hold” rating to a “sell” rating in a report on Tuesday.
About NovaGold Resources
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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