NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 17,740 shares of NovaGold Resources stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $7.09, for a total transaction of $125,776.60. Following the completion of the sale, the vice president now directly owns 600,408 shares of the company’s stock, valued at $4,256,892.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NG stock traded down $0.09 during midday trading on Monday, hitting $6.86. The stock had a trading volume of 2,199,611 shares, compared to its average volume of 1,903,296. NovaGold Resources Inc. has a 12-month low of $3.41 and a 12-month high of $7.07.
NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its earnings results on Wednesday, June 26th. The mining company reported ($0.02) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02).
Separately, Zacks Investment Research raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.
A number of hedge funds have recently added to or reduced their stakes in NG. Two Sigma Advisers LP acquired a new position in shares of NovaGold Resources in the 4th quarter valued at $164,000. Legal & General Group Plc boosted its holdings in shares of NovaGold Resources by 76.6% in the 4th quarter. Legal & General Group Plc now owns 66,396 shares of the mining company’s stock valued at $263,000 after purchasing an additional 28,789 shares during the last quarter. Millennium Management LLC acquired a new position in shares of NovaGold Resources during the 4th quarter valued at $776,000. Norges Bank acquired a new position in shares of NovaGold Resources during the 4th quarter valued at $12,388,000. Finally, Deutsche Bank AG lifted its holdings in shares of NovaGold Resources by 924,075.0% during the 4th quarter. Deutsche Bank AG now owns 36,967 shares of the mining company’s stock valued at $146,000 after acquiring an additional 36,963 shares in the last quarter.
About NovaGold Resources
NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.
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