NovaGold Resources Inc. (NG) VP David Deisley Sells 7,000 Shares

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David Deisley sold 7,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $3.82, for a total transaction of $26,740.00. Following the transaction, the vice president now directly owns 787,456 shares in the company, valued at approximately $3,008,081.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, December 4th, David Deisley sold 42,231 shares of NovaGold Resources stock. The stock was sold at an average price of $3.80, for a total transaction of $160,477.80.
  • On Tuesday, October 23rd, David Deisley sold 66,028 shares of NovaGold Resources stock. The stock was sold at an average price of $4.28, for a total transaction of $282,599.84.
  • On Thursday, October 18th, David Deisley sold 30,400 shares of NovaGold Resources stock. The shares were sold at an average price of $4.29, for a total transaction of $130,416.00.

Shares of NG stock traded up $0.16 during mid-day trading on Friday, reaching $3.92. The company’s stock had a trading volume of 3,193,148 shares, compared to its average volume of 1,392,080. NovaGold Resources Inc. has a 12-month low of $3.35 and a 12-month high of $5.05.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its earnings results on Tuesday, October 2nd. The mining company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01.

Several hedge funds have recently modified their holdings of NG. First Eagle Investment Management LLC increased its stake in NovaGold Resources by 24.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,856,809 shares of the mining company’s stock worth $25,439,000 after buying an additional 1,361,369 shares during the period. Exor Investments UK LLP increased its stake in NovaGold Resources by 2.3% during the 3rd quarter. Exor Investments UK LLP now owns 5,889,905 shares of the mining company’s stock worth $21,852,000 after buying an additional 135,000 shares during the period. Vanguard Group Inc. increased its stake in NovaGold Resources by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,477,717 shares of the mining company’s stock worth $20,322,000 after buying an additional 64,970 shares during the period. Morgan Stanley increased its stake in NovaGold Resources by 45.8% during the 3rd quarter. Morgan Stanley now owns 2,800,572 shares of the mining company’s stock worth $10,389,000 after buying an additional 880,228 shares during the period. Finally, Levin Capital Strategies L.P. increased its stake in NovaGold Resources by 13.8% during the 3rd quarter. Levin Capital Strategies L.P. now owns 2,030,120 shares of the mining company’s stock worth $7,532,000 after buying an additional 246,334 shares during the period.

Separately, Zacks Investment Research raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th.

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NovaGold Resources Company Profile

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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

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