Great West Life Assurance Co. Can trimmed its holdings in NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,138 shares of the mining company’s stock after selling 129 shares during the quarter. Great West Life Assurance Co. Can’s holdings in NovaGold Resources were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of NG. Russell Investments Group Ltd. increased its stake in shares of NovaGold Resources by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 813,664 shares of the mining company’s stock worth $3,963,000 after acquiring an additional 18,068 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of NovaGold Resources by 9.6% in the 1st quarter. Wells Fargo & Company MN now owns 1,980,886 shares of the mining company’s stock worth $9,647,000 after acquiring an additional 172,821 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of NovaGold Resources by 26.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 87,390 shares of the mining company’s stock worth $423,000 after acquiring an additional 18,100 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of NovaGold Resources in the 1st quarter worth about $266,000. Finally, Parametric Portfolio Associates LLC bought a new position in shares of NovaGold Resources in the 1st quarter worth about $326,000.

In other NovaGold Resources news, VP David Deisley sold 43,801 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $4.28, for a total value of $187,468.28. Following the sale, the vice president now owns 913,521 shares in the company, valued at approximately $3,909,869.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gillyeard J. Leathley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $5.65, for a total value of $39,550.00. Following the completion of the sale, the director now owns 84,940 shares in the company, valued at approximately $479,911. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,154 shares of company stock worth $494,124.

NG has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of NovaGold Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd.

Shares of NovaGold Resources Inc. (NYSEMKT:NG) opened at 4.20 on Friday. NovaGold Resources Inc. has a one year low of $3.78 and a one year high of $6.21. The stock’s market cap is $1.35 billion. The stock’s 50 day moving average is $4.27 and its 200-day moving average is $4.46.

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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 segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

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

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