NovaGold Resources Inc. (NYSEAMERICAN:NG) Holdings Raised by Swiss National Bank

Swiss National Bank grew its position in NovaGold Resources Inc. (NYSEAMERICAN:NG – Get Rating) (TSE:NG) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 566,100 shares of the mining company’s stock after purchasing an additional 9,400 shares during the period. Swiss National Bank owned about 0.17% of NovaGold Resources worth $3,382,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Exor Capital LLP increased its holdings in shares of NovaGold Resources by 4.0% during the 3rd quarter. Exor Capital LLP now owns 14,776,778 shares of the mining company’s stock valued at $69,303,000 after acquiring an additional 565,205 shares during the last quarter. BlackRock Inc. increased its holdings in shares of NovaGold Resources by 1.2% during the 1st quarter. BlackRock Inc. now owns 12,635,928 shares of the mining company’s stock valued at $97,676,000 after acquiring an additional 155,685 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of NovaGold Resources by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,190,167 shares of the mining company’s stock valued at $43,102,000 after acquiring an additional 225,845 shares during the last quarter. State Street Corp increased its holdings in shares of NovaGold Resources by 3.0% during the 1st quarter. State Street Corp now owns 3,520,655 shares of the mining company’s stock valued at $27,215,000 after acquiring an additional 104,149 shares during the last quarter. Finally, Deer Park Road Corp increased its holdings in shares of NovaGold Resources by 9.9% during the 3rd quarter. Deer Park Road Corp now owns 1,810,000 shares of the mining company’s stock valued at $8,489,000 after acquiring an additional 162,746 shares during the last quarter. 53.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NG. National Bank Financial lowered their target price on NovaGold Resources from C$11.00 to C$10.75 in a report on Tuesday, April 18th. StockNews.com upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Friday, May 12th.

NovaGold Resources Stock Up 0.4 %

NYSEAMERICAN NG opened at $5.36 on Monday. The stock has a fifty day moving average of $5.91 and a 200-day moving average of $5.48. The stock has a market capitalization of $1.79 billion, a P/E ratio of -33.50 and a beta of 0.85. NovaGold Resources Inc. has a 52 week low of $4.06 and a 52 week high of $6.98. The company has a debt-to-equity ratio of 5.94, a quick ratio of 57.88 and a current ratio of 57.88.

NovaGold Resources (NYSEAMERICAN:NG – Get Rating) (TSE:NG) last announced its quarterly earnings data on Wednesday, April 5th. The mining company reported ($0.03) EPS for the quarter. On average, equities research analysts forecast that NovaGold Resources Inc. will post -0.1 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sharon Dowdall sold 39,799 shares of the business’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $6.41, for a total value of $255,111.59. Following the sale, the director now directly owns 45,519 shares in the company, valued at $291,776.79. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Diane R. Garrett sold 14,950 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $5.58, for a total transaction of $83,421.00. Following the sale, the director now owns 22,757 shares in the company, valued at $126,984.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sharon Dowdall sold 39,799 shares of the company’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $6.41, for a total value of $255,111.59. Following the sale, the director now owns 45,519 shares in the company, valued at approximately $291,776.79. The disclosure for this sale can be found here. Corporate insiders own 3.25% of the company’s stock.

NovaGold Resources Profile

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NovaGold Resources, Inc is a mineral exploration company, which engages in the development of the Donlin Gold project in Alaska. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse, and Gerald James McConnell on December 5, 1984 and is headquartered in Salt Lake City, UT.