Emerald Acquisition Ltd. Buys Shares of 665,197 Novagold Resources Inc. (NG)
Emerald Acquisition Ltd. purchased a new stake in Novagold Resources Inc. (NYSEMKT:NG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 665,197 shares of the company’s stock, valued at approximately $4,071,000. Emerald Acquisition Ltd. owned 0.21% of Novagold Resources as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NG. Eqis Capital Management Inc. bought a new position in shares of Novagold Resources during the second quarter valued at $108,000. World Asset Management Inc increased its position in shares of Novagold Resources by 7.9% in the second quarter. World Asset Management Inc now owns 19,857 shares of the company’s stock valued at $122,000 after buying an additional 1,449 shares during the period. Creative Planning increased its position in shares of Novagold Resources by 11.9% in the second quarter. Creative Planning now owns 20,017 shares of the company’s stock valued at $123,000 after buying an additional 2,133 shares during the period. LPL Financial LLC increased its position in shares of Novagold Resources by 10.9% in the first quarter. LPL Financial LLC now owns 25,500 shares of the company’s stock valued at $135,000 after buying an additional 2,500 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Novagold Resources by 70.5% in the first quarter. Legal & General Group Plc now owns 27,323 shares of the company’s stock valued at $139,000 after buying an additional 11,300 shares during the period.
Shares of Novagold Resources Inc. (NYSEMKT:NG) traded down 0.56% during trading on Tuesday, reaching $5.29. The company had a trading volume of 902,929 shares. Novagold Resources Inc. has a 12 month low of $3.05 and a 12 month high of $7.29. The stock’s market capitalization is $1.69 billion. The stock’s 50-day moving average price is $6.04 and its 200-day moving average price is $6.00.
Novagold Resources (NYSEMKT:NG) last announced its quarterly earnings data on Monday, June 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Equities analysts forecast that Novagold Resources Inc. will post ($0.09) earnings per share for the current fiscal year.
A number of analysts recently weighed in on NG shares. Zacks Investment Research upgraded Novagold Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Royal Bank Of Canada restated a “sector perform” rating on shares of Novagold Resources in a research note on Wednesday, June 29th.
In other Novagold Resources news, Director Gillyeard J. Leathley sold 13,668 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $7.17, for a total transaction of $97,999.56. Following the sale, the director now owns 115,396 shares in the company, valued at $827,389.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
About Novagold Resources
Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segment is involved in the exploration and development of mineral properties. The Company is focused on advancing permitting of the Donlin Gold project in Alaska.
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