Van ECK Associates Corp decreased its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,007,041 shares of the mining company's stock after selling 337,869 shares during the period. Van ECK Associates Corp owned approximately 2.09% of NovaGold Resources worth $23,333,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Goehring & Rozencwajg Associates LLC boosted its position in NovaGold Resources by 5.6% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 371,128 shares of the mining company's stock valued at $1,228,000 after buying an additional 19,712 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its position in NovaGold Resources by 2.1% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 270,546 shares of the mining company's stock valued at $901,000 after buying an additional 5,546 shares during the last quarter. SG Americas Securities LLC boosted its position in NovaGold Resources by 8.8% in the fourth quarter. SG Americas Securities LLC now owns 214,126 shares of the mining company's stock valued at $713,000 after buying an additional 17,341 shares during the last quarter. JPMorgan Chase & Co. boosted its position in NovaGold Resources by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 394,749 shares of the mining company's stock valued at $1,618,000 after buying an additional 69,785 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in NovaGold Resources in the third quarter valued at approximately $308,000. Hedge funds and other institutional investors own 57.56% of the company's stock.
NovaGold Resources Stock Up 1.4 %
NYSEAMERICAN NG traded up $0.05 during trading hours on Tuesday, reaching $3.20. The stock had a trading volume of 806,679 shares, compared to its average volume of 1,987,872. The firm has a market cap of $1.07 billion, a P/E ratio of -24.58 and a beta of 1.05. NovaGold Resources Inc. has a 52-week low of $2.28 and a 52-week high of $4.88.
NovaGold Resources Company Profile
(
Free Report)
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.
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