Legal & General Group Plc Reduces Holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Legal & General Group Plc decreased its holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,956 shares of the mining company’s stock after selling 9,954 shares during the quarter. Legal & General Group Plc’s holdings in NovaGold Resources were worth $971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Swiss National Bank lifted its holdings in NovaGold Resources by 2.5% during the first quarter. Swiss National Bank now owns 480,500 shares of the mining company’s stock valued at $3,481,000 after purchasing an additional 11,600 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in NovaGold Resources by 14.0% during the first quarter. Parametric Portfolio Associates LLC now owns 257,091 shares of the mining company’s stock valued at $1,897,000 after purchasing an additional 31,548 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in NovaGold Resources by 49.7% during the first quarter. BNP Paribas Arbitrage SA now owns 90,110 shares of the mining company’s stock valued at $665,000 after purchasing an additional 29,903 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in NovaGold Resources by 13.2% during the first quarter. Public Sector Pension Investment Board now owns 715,269 shares of the mining company’s stock valued at $5,216,000 after purchasing an additional 83,520 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in NovaGold Resources by 7.4% during the first quarter. BlackRock Inc. now owns 12,280,532 shares of the mining company’s stock valued at $90,631,000 after purchasing an additional 845,261 shares in the last quarter.

NovaGold Resources stock opened at $8.81 on Wednesday. NovaGold Resources Inc. has a 1 year low of $4.65 and a 1 year high of $12.85.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its quarterly earnings data on Wednesday, June 24th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02).

Several equities research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of NovaGold Resources in a research report on Friday, April 3rd. Zacks Investment Research upgraded shares of NovaGold Resources from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, May 29th.

In other NovaGold Resources news, CEO Gregory A. Lang sold 69,645 shares of NovaGold Resources stock in a transaction on Friday, April 3rd. The shares were sold at an average price of $8.46, for a total transaction of $589,196.70. Following the completion of the transaction, the chief executive officer now directly owns 127,001 shares of the company’s stock, valued at $1,074,428.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony P. Walsh sold 18,459 shares of NovaGold Resources stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $9.28, for a total transaction of $171,299.52. Following the transaction, the director now directly owns 63,736 shares of the company’s stock, valued at $591,470.08. The disclosure for this sale can be found here. Insiders sold 275,843 shares of company stock worth $2,880,661 in the last 90 days.

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

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