Amundi Purchases 251,583 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG)

Amundi grew its stake in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,414,702 shares of the mining company's stock after buying an additional 251,583 shares during the period. Amundi owned approximately 0.72% of NovaGold Resources worth $8,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NG. Barclays PLC increased its position in shares of NovaGold Resources by 19.9% in the 3rd quarter. Barclays PLC now owns 917,835 shares of the mining company's stock valued at $3,762,000 after buying an additional 152,164 shares in the last quarter. State Street Corp grew its stake in NovaGold Resources by 5.0% in the third quarter. State Street Corp now owns 4,321,172 shares of the mining company's stock valued at $17,717,000 after acquiring an additional 206,610 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of NovaGold Resources by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 394,749 shares of the mining company's stock worth $1,618,000 after acquiring an additional 69,785 shares in the last quarter. Bank of Montreal Can raised its position in shares of NovaGold Resources by 26.5% during the third quarter. Bank of Montreal Can now owns 1,278,090 shares of the mining company's stock worth $5,377,000 after purchasing an additional 267,713 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of NovaGold Resources by 20.5% during the third quarter. Wellington Management Group LLP now owns 1,146,787 shares of the mining company's stock worth $4,702,000 after purchasing an additional 195,117 shares during the period. Institutional investors own 57.56% of the company's stock.

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NovaGold Resources Stock Performance

NG traded up $0.14 during trading hours on Wednesday, hitting $3.42. 1,590,237 shares of the company's stock were exchanged, compared to its average volume of 2,124,875. The company has a market capitalization of $1.14 billion, a PE ratio of -26.27 and a beta of 1.05. The firm has a 50-day moving average price of $3.22. NovaGold Resources Inc. has a 1-year low of $2.56 and a 1-year high of $4.88.

NovaGold Resources Company 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.