Teacher Retirement System of Texas raised its stake in shares of Novagold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,495,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Teacher Retirement System of Texas’ holdings in Novagold Resources were worth $13,972,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of Novagold Resources by 31.3% in the second quarter. FMR LLC now owns 27,219,842 shares of the company’s stock valued at $166,654,000 after buying an additional 6,482,800 shares during the period. Van ECK Associates Corp increased its position in shares of Novagold Resources by 18.2% in the second quarter. Van ECK Associates Corp now owns 20,123,204 shares of the company’s stock valued at $123,154,000 after buying an additional 3,099,589 shares during the period. First Eagle Investment Management LLC increased its position in shares of Novagold Resources by 2,903.2% in the second quarter. First Eagle Investment Management LLC now owns 2,151,285 shares of the company’s stock valued at $13,166,000 after buying an additional 2,079,651 shares during the period. Jane Street Group LLC increased its position in shares of Novagold Resources by 3,253.1% in the second quarter. Jane Street Group LLC now owns 993,267 shares of the company’s stock valued at $6,079,000 after buying an additional 963,645 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Novagold Resources during the second quarter valued at approximately $4,071,000.

Institutional Ownership by Quarter for Novagold Resources (NYSEMKT:NG)

Shares of Novagold Resources Inc. (NYSEMKT:NG) traded up 1.77% during midday trading on Tuesday, reaching $4.59. 712,678 shares of the company’s stock were exchanged. Novagold Resources Inc. has a 12-month low of $3.50 and a 12-month high of $7.29. The company’s market cap is $1.47 billion. The stock’s 50 day moving average price is $4.63 and its 200 day moving average price is $5.70.

Novagold Resources (NYSEMKT:NG) last announced its quarterly earnings results on Wednesday, October 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.02). Equities analysts anticipate that Novagold Resources Inc. will post ($0.10) earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Novagold Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. JPMorgan Chase & Co. raised shares of Novagold Resources from a “neutral” rating to an “overweight” rating in a research note on Tuesday, September 27th. Finally, RBC Capital Markets reissued a “sector perform” rating on shares of Novagold Resources in a research note on Wednesday, October 5th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.50.

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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