Insider Selling: NovaGold Resources Inc. (NYSEMKT:NG) VP Sells 43,801 Shares of Stock

NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) VP David Deisley sold 43,801 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $4.28, for a total transaction of $187,468.28. Following the completion of the transaction, the vice president now owns 913,521 shares in the company, valued at $3,909,869.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Deisley also recently made the following trade(s):

  • On Friday, September 1st, David Deisley sold 15,129 shares of NovaGold Resources stock. The shares were sold at an average price of $4.37, for a total transaction of $66,113.73.

Shares of NovaGold Resources Inc. (NYSEMKT:NG) opened at 4.14 on Friday. The stock’s 50 day moving average is $4.26 and its 200-day moving average is $4.45. The stock’s market cap is $1.33 billion. NovaGold Resources Inc. has a one year low of $3.78 and a one year high of $6.21.

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A number of brokerages have recently issued reports on NG. Zacks Investment Research raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. BidaskClub raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th.

A number of hedge funds have recently bought and sold shares of NG. Van ECK Associates Corp increased its position in NovaGold Resources by 30.9% during the first quarter. Van ECK Associates Corp now owns 33,502,151 shares of the mining company’s stock worth $163,155,000 after buying an additional 7,908,873 shares during the period. FMR LLC increased its position in NovaGold Resources by 5.0% during the second quarter. FMR LLC now owns 24,090,234 shares of the mining company’s stock worth $109,231,000 after buying an additional 1,156,249 shares during the period. Vanguard Group Inc. increased its position in NovaGold Resources by 7.1% during the second quarter. Vanguard Group Inc. now owns 4,855,202 shares of the mining company’s stock worth $22,140,000 after buying an additional 322,123 shares during the period. Point72 Europe London LLP acquired a new position in shares of NovaGold Resources in the second quarter valued at approximately $11,557,000. Finally, Clearbridge Investments LLC increased its holdings in shares of 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 purchasing an additional 20,780 shares during the period.

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.

Insider Buying and Selling by Quarter for NovaGold Resources (NYSEMKT:NG)

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