Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) rose 7.4% during mid-day trading on Thursday . The company traded as high as $4.21 and last traded at $4.20. Approximately 2,013,934 shares were traded during trading, an increase of 42% from the average daily volume of 1,418,305 shares. The stock had previously closed at $3.91.

Separately, Zacks Investment Research raised shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings results on Tuesday, October 2nd. The mining company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01.

In other NovaGold Resources news, CFO David A. Ottewell sold 44,230 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $4.01, for a total value of $177,362.30. Following the sale, the chief financial officer now owns 597,216 shares in the company, valued at approximately $2,394,836.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David A. Ottewell sold 60,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $3.73, for a total value of $224,952.57. Following the completion of the sale, the vice president now owns 645,385 shares in the company, valued at approximately $2,407,286.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 224,999 shares of company stock worth $896,201.

A number of institutional investors have recently added to or reduced their stakes in NG. Bank of Montreal Can lifted its position in shares of NovaGold Resources by 88.8% during the 3rd quarter. Bank of Montreal Can now owns 1,399,026 shares of the mining company’s stock valued at $5,190,000 after buying an additional 657,875 shares in the last quarter. Exor Investments UK LLP lifted its position in shares of NovaGold Resources by 2.3% during the 3rd quarter. Exor Investments UK LLP now owns 5,889,905 shares of the mining company’s stock valued at $21,852,000 after buying an additional 135,000 shares in the last quarter. Jane Street Group LLC lifted its position in shares of NovaGold Resources by 77.2% during the 2nd quarter. Jane Street Group LLC now owns 236,570 shares of the mining company’s stock valued at $1,053,000 after buying an additional 103,071 shares in the last quarter. Millennium Management LLC lifted its position in shares of NovaGold Resources by 481.1% during the 2nd quarter. Millennium Management LLC now owns 124,768 shares of the mining company’s stock valued at $555,000 after buying an additional 103,296 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of NovaGold Resources during the 2nd quarter valued at approximately $153,000.

NovaGold Resources Company Profile (NYSEAMERICAN:NG)

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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