NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,562,611 shares of the mining company's stock after buying an additional 101,860 shares during the period. Northern Trust Corp owned about 0.47% of NovaGold Resources worth $5,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sterling Capital Management LLC increased its position in shares of NovaGold Resources by 814.9% during the fourth quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company's stock worth $26,000 after purchasing an additional 6,959 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of NovaGold Resources during the fourth quarter worth about $59,000. Jump Financial LLC acquired a new stake in shares of NovaGold Resources during the fourth quarter worth about $67,000. Cibc World Markets Corp acquired a new stake in shares of NovaGold Resources during the fourth quarter worth about $76,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of NovaGold Resources during the fourth quarter worth about $139,000. 57.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.

NovaGold Resources Stock Performance

NG traded down $0.02 during trading on Friday, reaching $3.58. The company's stock had a trading volume of 4,005,214 shares, compared to its average volume of 2,203,137. NovaGold Resources Inc. has a 52-week low of $2.26 and a 52-week high of $5.06. The company's fifty day moving average price is $3.41 and its 200-day moving average price is $3.44. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -27.54 and a beta of 1.05.

NovaGold Resources Company Profile

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares 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.