NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) CEO Gregory A. Lang sold 6,075 shares of NovaGold Resources stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $4.07, for a total value of $24,725.25. Following the completion of the transaction, the chief executive officer now owns 1,391,772 shares of the company’s stock, valued at approximately $5,664,512.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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A number of institutional investors and hedge funds have recently modified their holdings of NG. Toronto Dominion Bank lifted its holdings in NovaGold Resources by 441.4% during the 2nd quarter. Toronto Dominion Bank now owns 260,119 shares of the mining company’s stock worth $1,179,000 after buying an additional 212,077 shares during the last quarter. Bank of Nova Scotia bought a new position in NovaGold Resources during the 2nd quarter worth approximately $296,000. Raymond James Financial Services Advisors Inc. lifted its holdings in NovaGold Resources by 1.3% during the 2nd 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. Cubist Systematic Strategies LLC lifted its holdings in NovaGold Resources by 365.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 69,351 shares of the mining company’s stock worth $316,000 after buying an additional 54,467 shares during the last quarter. Finally, Point72 Europe London LLP bought a new position in NovaGold Resources during the 2nd quarter worth approximately $11,557,000.
NG has been the subject of several recent analyst reports. Zacks Investment Research upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. BidaskClub upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th.
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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