NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 105.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 809,937 shares of the mining company's stock after acquiring an additional 415,188 shares during the period. JPMorgan Chase & Co. owned about 0.24% of NovaGold Resources worth $2,697,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its position in shares of NovaGold Resources by 19.9% during the 3rd quarter. Barclays PLC now owns 917,835 shares of the mining company's stock worth $3,762,000 after purchasing an additional 152,164 shares during the last quarter. State Street Corp raised its holdings in NovaGold Resources by 5.0% in the 3rd quarter. State Street Corp now owns 4,321,172 shares of the mining company's stock valued at $17,717,000 after acquiring an additional 206,610 shares during the last quarter. Geode Capital Management LLC raised its holdings in NovaGold Resources by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,046,926 shares of the mining company's stock valued at $12,497,000 after acquiring an additional 9,629 shares during the last quarter. Vanguard Group Inc. raised its holdings in NovaGold Resources by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 10,754,870 shares of the mining company's stock valued at $35,963,000 after acquiring an additional 169,209 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in NovaGold Resources in the 4th quarter valued at $76,000. 57.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.

NovaGold Resources Price Performance

NYSEAMERICAN:NG traded down $0.09 during midday trading on Monday, reaching $4.35. 4,372,332 shares of the company traded hands, compared to its average volume of 1,863,882. NovaGold Resources Inc. has a twelve month low of $2.26 and a twelve month high of $5.06. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -33.46 and a beta of 1.05. The company has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.42.

NovaGold Resources 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.