SG Americas Securities LLC Boosts Position in NovaGold Resources Inc. (NG)

SG Americas Securities LLC increased its position in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 16.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 139,722 shares of the mining company’s stock after buying an additional 19,936 shares during the period. SG Americas Securities LLC’s holdings in NovaGold Resources were worth $583,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NG. Mercer Global Advisors Inc. ADV bought a new position in shares of NovaGold Resources during the first quarter worth about $43,000. SlateStone Wealth LLC bought a new position in NovaGold Resources in the fourth quarter valued at approximately $49,000. Signition LP bought a new position in NovaGold Resources in the fourth quarter valued at approximately $50,000. Pin Oak Investment Advisors Inc. grew its stake in NovaGold Resources by 42.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 23,985 shares of the mining company’s stock valued at $95,000 after purchasing an additional 7,125 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in NovaGold Resources by 16.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,610 shares of the mining company’s stock valued at $98,000 after purchasing an additional 3,500 shares in the last quarter.

In other news, CFO David A. Ottewell sold 18,716 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $3.97, for a total value of $74,302.52. Following the completion of the sale, the chief financial officer now directly owns 604,940 shares of the company’s stock, valued at $2,401,611.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David A. Ottewell sold 22,586 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $4.35, for a total value of $98,249.10. Following the completion of the sale, the vice president now directly owns 608,540 shares of the company’s stock, valued at $2,647,149. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,360 shares of company stock valued at $172,796.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded NovaGold Resources from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Wednesday, April 10th. B. Riley restated a “buy” rating on shares of NovaGold Resources in a research note on Friday, January 25th.

NG stock opened at $3.83 on Wednesday. NovaGold Resources Inc. has a twelve month low of $3.41 and a twelve month high of $4.90.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its quarterly earnings data on Tuesday, April 2nd. The mining company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01.

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NovaGold Resources Profile

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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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Want to see what other hedge funds are holding NG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG).

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

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