Barclays PLC Has $3.76 Million Position in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Barclays PLC grew its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 19.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 917,835 shares of the mining company's stock after buying an additional 152,164 shares during the quarter. Barclays PLC owned 0.27% of NovaGold Resources worth $3,762,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NG. Northwest & Ethical Investments L.P. acquired a new stake in shares of NovaGold Resources during the 3rd quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in NovaGold Resources by 15.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,210 shares of the mining company's stock valued at $225,000 after purchasing an additional 8,441 shares during the period. The Manufacturers Life Insurance Company grew its stake in NovaGold Resources by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 293,306 shares of the mining company's stock worth $1,022,000 after buying an additional 8,521 shares during the last quarter. BNP Paribas Financial Markets increased its position in NovaGold Resources by 15.0% in the third quarter. BNP Paribas Financial Markets now owns 69,267 shares of the mining company's stock worth $284,000 after buying an additional 9,009 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in NovaGold Resources in the second quarter worth $49,000. Institutional investors and hedge funds own 57.56% of the company's stock.

NovaGold Resources Trading Down 2.4 %

Shares of NYSEAMERICAN NG traded down $0.08 during trading hours on Monday, reaching $3.27. The stock had a trading volume of 1,277,228 shares, compared to its average volume of 1,704,139. NovaGold Resources Inc. has a twelve month low of $2.22 and a twelve month high of $4.88. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -25.15 and a beta of 1.07.

NovaGold Resources (NYSEAMERICAN:NG - Get Free Report) TSE: NG last released its quarterly earnings results on Wednesday, October 2nd. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01).

Wall Street Analysts Forecast Growth

Separately, Citigroup raised NovaGold Resources to a "strong-buy" rating in a report on Thursday, October 3rd.

NovaGold Resources 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.