BidaskClub upgraded shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) from a sell rating to a hold rating in a research note released on Saturday morning.
Separately, Zacks Investment Research cut NovaGold Resources from a hold rating to a sell rating in a report on Tuesday, July 25th.
NovaGold Resources (NYSEMKT:NG) traded down 0.69% during midday trading on Friday, hitting $4.30. 1,167,627 shares of the stock traded hands. The stock’s market cap is $1.38 billion. The company has a 50-day moving average of $4.34 and a 200-day moving average of $4.61. NovaGold Resources has a 12 month low of $3.78 and a 12 month high of $6.21.
TRADEMARK VIOLATION WARNING: This piece was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/27/novagold-resources-inc-ng-upgraded-to-hold-at-bidaskclub.html.
In other news, VP David A. Ottewell sold 43,224 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $4.65, for a total transaction of $200,991.60. Following the sale, the vice president now owns 788,540 shares in the company, valued at $3,666,711. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gillyeard J. Leathley sold 7,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.65, for a total value of $39,550.00. Following the sale, the director now owns 84,940 shares in the company, valued at approximately $479,911. The disclosure for this sale can be found here.
Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of NovaGold Resources by 1.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,705 shares of the mining company’s stock worth $104,000 after buying an additional 300 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of NovaGold Resources during the second quarter worth $121,000. Exencial Wealth Advisors LLC boosted its position in shares of NovaGold Resources by 4.9% in the second quarter. Exencial Wealth Advisors LLC now owns 27,800 shares of the mining company’s stock worth $127,000 after buying an additional 1,300 shares during the last quarter. Legacy Capital Partners Inc. boosted its position in shares of NovaGold Resources by 19.9% in the first quarter. Legacy Capital Partners Inc. now owns 31,300 shares of the mining company’s stock worth $153,000 after buying an additional 5,200 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of NovaGold Resources during the second quarter worth $168,000.
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.
Receive News & Ratings for NovaGold Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NovaGold Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
