Vanguard Group Inc. Has $35.96 Million Holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Vanguard Group Inc. boosted its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG - Free Report) TSE: NG by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,754,870 shares of the mining company's stock after purchasing an additional 169,209 shares during the period. Vanguard Group Inc. owned approximately 3.21% of NovaGold Resources worth $35,963,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of NovaGold Resources by 15.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 69,267 shares of the mining company's stock worth $284,000 after purchasing an additional 9,009 shares during the period. State Street Corp grew its holdings in shares of NovaGold Resources by 5.0% during the 3rd quarter. State Street Corp now owns 4,321,172 shares of the mining company's stock worth $17,717,000 after purchasing an additional 206,610 shares in the last quarter. Wellington Management Group LLP increased 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 valued at $4,702,000 after purchasing an additional 195,117 shares during the period. Jane Street Group LLC increased its stake in NovaGold Resources by 37.2% in the third quarter. Jane Street Group LLC now owns 807,387 shares of the mining company's stock valued at $3,310,000 after acquiring an additional 219,077 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of NovaGold Resources by 98.2% during the 3rd quarter. National Bank of Canada FI now owns 280,335 shares of the mining company's stock worth $1,152,000 after buying an additional 138,868 shares during the period. 57.56% of the stock is currently owned by institutional investors.

NovaGold Resources Price Performance

NYSEAMERICAN:NG traded down $0.03 on Friday, hitting $2.98. 2,264,830 shares of the company's stock were exchanged, compared to its average volume of 1,679,431. The company has a market cap of $997.26 million, a P/E ratio of -22.92 and a beta of 1.05. The firm has a 50-day moving average price of $3.04 and a 200-day moving average price of $3.38. NovaGold Resources Inc. has a 52 week low of $2.26 and a 52 week high of $4.88.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.

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.