Fmr LLC Grows Position in NovaGold Resources Inc. (NG)

Fmr LLC increased its position in shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 5.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,090,234 shares of the mining company’s stock after buying an additional 1,156,249 shares during the quarter. Fmr LLC owned about 7.49% of NovaGold Resources worth $109,231,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of NovaGold Resources in the 2nd quarter valued at approximately $121,000. Exencial Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 1,300 shares during the last quarter. Legal & General Group Plc grew its stake in shares of 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 purchasing an additional 1,584 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of NovaGold Resources in the 2nd quarter valued at approximately $191,000. Finally, Karp Capital Management Corp purchased a new position in shares of NovaGold Resources in the 1st quarter valued at approximately $266,000.

Several analysts have recently commented on the company. BidaskClub raised NovaGold Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research cut NovaGold Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

In other news, Director Gillyeard J. Leathley sold 7,000 shares of the 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 completion of the sale, the director now owns 84,940 shares in the company, valued at $479,911. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Deisley sold 15,129 shares of the stock in a transaction on Friday, September 1st. The shares were 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 owns 813,521 shares of the company’s stock, valued at approximately $3,555,086.77. The disclosure for this sale can be found here. Insiders have sold a total of 109,154 shares of company stock valued at $494,124 in the last quarter.

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NovaGold Resources Inc. (NYSEMKT:NG) opened at 4.22 on Tuesday. The firm’s market capitalization is $1.36 billion. NovaGold Resources Inc. has a 12-month low of $3.78 and a 12-month high of $6.21. The stock has a 50 day moving average price of $4.25 and a 200-day moving average price of $4.34.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and deve

A number of other large investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of NovaGold Resources in the 2nd quarter valued at approximately $121,000. Exencial Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 1,300 shares during the last quarter. Legal & General Group Plc grew its stake in shares of 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 purchasing an additional 1,584 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of NovaGold Resources in the 2nd quarter valued at approximately $191,000. Finally, Karp Capital Management Corp purchased a new position in shares of NovaGold Resources in the 1st quarter valued at approximately $266,000.

Several analysts have recently commented on the company. BidaskClub raised NovaGold Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research cut NovaGold Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

In other news, Director Gillyeard J. Leathley sold 7,000 shares of the 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 completion of the sale, the director now owns 84,940 shares in the company, valued at $479,911. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Deisley sold 15,129 shares of the stock in a transaction on Friday, September 1st. The shares were 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 owns 813,521 shares of the company’s stock, valued at approximately $3,555,086.77. The disclosure for this sale can be found here. Insiders have sold a total of 109,154 shares of company stock valued at $494,124 in the last quarter.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/10/fmr-llc-grows-position-in-novagold-resources-inc-ng.html.

NovaGold Resources Inc. (NYSEMKT:NG) opened at 4.22 on Tuesday. The firm’s market capitalization is $1.36 billion. NovaGold Resources Inc. has a 12-month low of $3.78 and a 12-month high of $6.21. The stock has a 50 day moving average price of $4.25 and a 200-day moving average price of $4.34.

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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Institutional Ownership by Quarter for NovaGold Resources (NYSEMKT:NG)

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