586,042 Shares in NovaGold Resources Inc. (NYSEAMERICAN:NG) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 586,042 shares of the mining company's stock, valued at approximately $1,952,000. Raymond James Financial Inc. owned 0.18% of NovaGold Resources at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its holdings in NovaGold Resources by 19.9% in the third quarter. Barclays PLC now owns 917,835 shares of the mining company's stock valued at $3,762,000 after purchasing an additional 152,164 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NovaGold Resources by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 394,749 shares of the mining company's stock valued at $1,618,000 after buying an additional 69,785 shares during the period. Vanguard Group Inc. boosted its stake in shares of NovaGold Resources by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 10,754,870 shares of the mining company's stock worth $35,963,000 after buying an additional 169,209 shares during the last quarter. Cibc World Markets Corp acquired a new stake in NovaGold Resources during the fourth quarter worth about $76,000. Finally, Geode Capital Management LLC lifted its holdings in NovaGold Resources by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 3,067,144 shares of the mining company's stock valued at $10,220,000 after acquiring an additional 20,218 shares during the period. 57.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NovaGold Resources Stock Performance

Shares of NYSEAMERICAN:NG traded down $0.30 during trading on Wednesday, hitting $3.91. The company's stock had a trading volume of 10,239,052 shares, compared to its average volume of 1,966,615. The company has a market capitalization of $1.31 billion, a PE ratio of -30.08 and a beta of 1.05. The business has a 50 day moving average price of $3.31 and a two-hundred day moving average price of $3.45. NovaGold Resources Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $5.06.

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.