NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lessened its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 26.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 574,891 shares of the mining company's stock after selling 211,444 shares during the quarter. Tudor Investment Corp ET AL owned 0.17% of NovaGold Resources worth $1,914,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC raised its stake in shares of NovaGold Resources by 4.9% in the 4th quarter. Barclays PLC now owns 962,552 shares of the mining company's stock valued at $3,206,000 after acquiring an additional 44,717 shares during the period. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 69,785 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of NovaGold Resources during the fourth quarter worth about $1,952,000. Vanguard Group Inc. boosted its position 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 period. Finally, Cibc World Markets Corp acquired a new stake in shares of NovaGold Resources in the fourth quarter valued at about $76,000. Hedge funds and other institutional investors own 57.56% of the company's stock.

NovaGold Resources Trading Down 7.1 %

NG stock traded down $0.30 during trading on Wednesday, reaching $3.91. The stock had a trading volume of 10,239,052 shares, compared to its average volume of 1,966,615. The firm has a fifty day moving average price of $3.31 and a 200 day moving average price of $3.45. The company has a market capitalization of $1.31 billion, a P/E ratio of -30.08 and a beta of 1.05. NovaGold Resources Inc. has a 1-year low of $2.26 and a 1-year high of $5.06.

Analyst Ratings Changes

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

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.