Tudor Investment Corp ET AL Has $1.91 Million Position in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Tudor Investment Corp ET AL lessened its position 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 disclosure with the Securities & Exchange Commission. The firm owned 574,891 shares of the mining company's stock after selling 211,444 shares during the period. Tudor Investment Corp ET AL owned approximately 0.17% of NovaGold Resources worth $1,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NG. Lingotto Investment Management LLP boosted its holdings in NovaGold Resources by 3.5% in the 4th quarter. Lingotto Investment Management LLP now owns 20,902,054 shares of the mining company's stock valued at $69,604,000 after purchasing an additional 702,636 shares during the period. Kopernik Global Investors LLC boosted its stake in shares of NovaGold Resources by 23.1% in the fourth quarter. Kopernik Global Investors LLC now owns 17,006,844 shares of the mining company's stock valued at $56,633,000 after buying an additional 3,187,981 shares during the period. Vanguard Group Inc. grew its position in NovaGold Resources by 1.6% during 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 in the last quarter. Geode Capital Management LLC increased its stake in NovaGold Resources by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 3,067,144 shares of the mining company's stock worth $10,220,000 after acquiring an additional 20,218 shares during the period. Finally, Amundi raised its holdings in NovaGold Resources by 11.6% in the 4th quarter. Amundi now owns 2,414,702 shares of the mining company's stock valued at $8,138,000 after acquiring an additional 251,583 shares in the last quarter. Institutional investors and hedge funds own 57.56% of the company's stock.

Wall Street Analysts Forecast Growth

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

NovaGold Resources Trading Up 0.5 %

NG traded up $0.02 during trading on Friday, reaching $3.78. 6,188,007 shares of the company's stock were exchanged, compared to its average volume of 2,058,840. The firm has a fifty day moving average price of $3.34 and a two-hundred day moving average price of $3.45. The stock has a market capitalization of $1.26 billion, a PE ratio of -29.08 and a beta of 1.05. NovaGold Resources Inc. has a one year low of $2.26 and a one year high of $5.06.

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.