State Street Corp Has $17.72 Million Stock Holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG)

State Street Corp raised its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,321,172 shares of the mining company's stock after buying an additional 206,610 shares during the period. State Street Corp owned about 1.29% of NovaGold Resources worth $17,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwest & Ethical Investments L.P. acquired a new stake in shares of NovaGold Resources in the 3rd quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of NovaGold Resources by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 293,306 shares of the mining company's stock valued at $1,022,000 after acquiring an additional 8,521 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 acquiring an additional 9,009 shares during the period. Finally, AQR Capital Management LLC purchased a new position in shares of NovaGold Resources during the 2nd quarter valued at about $49,000. 57.56% of the stock is currently owned by hedge funds and other institutional investors.

NovaGold Resources Stock Up 0.9 %

Shares of NYSEAMERICAN:NG traded up $0.03 on Tuesday, hitting $3.30. The company had a trading volume of 493,726 shares, compared to its average volume of 1,699,259. The company has a market capitalization of $1.10 billion, a P/E ratio of -25.38 and a beta of 1.07. NovaGold Resources Inc. has a 52-week low of $2.22 and a 52-week high of $4.88.

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

Analyst Ratings Changes

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

About NovaGold Resources

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.