Old West Investment Management LLC Acquires 192,826 Shares of NovaGold Resources Inc. (NG)

Old West Investment Management LLC lifted its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 17.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,308,929 shares of the mining company’s stock after purchasing an additional 192,826 shares during the quarter. NovaGold Resources accounts for 2.8% of Old West Investment Management LLC’s holdings, making the stock its 12th largest position. Old West Investment Management LLC owned 0.41% of NovaGold Resources worth $5,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NG. Raymond James Financial Services Advisors Inc. increased its stake in 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 valued at $104,000 after acquiring an additional 300 shares during the last quarter. Exencial Wealth Advisors LLC increased its stake in NovaGold Resources by 4.9% in the second quarter. Exencial Wealth Advisors LLC now owns 27,800 shares of the mining company’s stock valued at $127,000 after acquiring an additional 1,300 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in NovaGold Resources in the second quarter valued at approximately $168,000. Legal & General Group Plc increased its stake in NovaGold Resources by 4.4% in the second quarter. Legal & General Group Plc now owns 37,607 shares of the mining company’s stock valued at $170,000 after acquiring an additional 1,584 shares during the last quarter. Finally, Virtu KCG Holdings LLC increased its stake in NovaGold Resources by 82.6% in the second quarter. Virtu KCG Holdings LLC now owns 38,577 shares of the mining company’s stock valued at $176,000 after acquiring an additional 17,451 shares during the last quarter.

In related news, Director Nieuwenhuyse Rick Van sold 150,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $3.94, for a total value of $591,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Deisley sold 8,970 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $4.13, for a total transaction of $37,046.10. Following the completion of the transaction, the vice president now owns 775,062 shares in the company, valued at approximately $3,201,006.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,378 shares of company stock worth $1,101,271.

NG has been the topic of a number of research reports. BidaskClub raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th.

Shares of NovaGold Resources Inc. (NG) traded down $0.26 during trading hours on Thursday, hitting $3.50. 2,459,700 shares of the stock were exchanged, compared to its average volume of 2,196,076. NovaGold Resources Inc. has a 52 week low of $3.50 and a 52 week high of $6.21.

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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.

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

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