CNA Financial Corp Has $531,000 Position in NovaGold Resources Inc. (NYSEMKT:NG)

CNA Financial Corp held its stake in shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) during the first quarter, according to its most recent filing with the SEC. The fund owned 109,110 shares of the mining company’s stock at the end of the first quarter. CNA Financial Corp’s holdings in NovaGold Resources were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NG. Credit Suisse AG boosted its position in NovaGold Resources by 31.2% in the first quarter. Credit Suisse AG now owns 301,701 shares of the mining company’s stock valued at $1,469,000 after buying an additional 71,754 shares during the period. Morgan Stanley boosted its stake in shares of NovaGold Resources by 52.1% in the first quarter. Morgan Stanley now owns 1,800,749 shares of the mining company’s stock valued at $8,770,000 after buying an additional 617,162 shares during the period. Old West Investment Management LLC increased its position in shares of NovaGold Resources by 4.8% in the first quarter. Old West Investment Management LLC now owns 1,142,697 shares of the mining company’s stock valued at $5,564,000 after buying an additional 51,976 shares in the last quarter. Vanguard Group Inc. increased its position in shares of NovaGold Resources by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,533,079 shares of the mining company’s stock valued at $22,076,000 after buying an additional 140,796 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of NovaGold Resources by 31.8% in the first quarter. Legal & General Group Plc now owns 36,023 shares of the mining company’s stock valued at $174,000 after buying an additional 8,700 shares during the period.

Shares of NovaGold Resources Inc. (NYSEMKT:NG) traded down 0.978% during mid-day trading on Wednesday, hitting $4.555. 623,525 shares of the stock were exchanged. The company’s market cap is $1.47 billion. The stock’s 50-day moving average price is $4.22 and its 200-day moving average price is $4.73. NovaGold Resources Inc. has a 52-week low of $3.78 and a 52-week high of $7.29.

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Separately, BidaskClub upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a report on Friday, June 23rd.

About NovaGold Resources

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

Institutional Ownership by Quarter for NovaGold Resources (NYSEMKT:NG)

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