NovaGold Resources Inc. (NG) Insider Gregory A. Lang Sells 8,022 Shares of Stock
NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) insider Gregory A. Lang sold 8,022 shares of NovaGold Resources stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $4.09, for a total transaction of $32,809.98. Following the sale, the insider now owns 1,402,506 shares in the company, valued at approximately $5,736,249.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NovaGold Resources Inc. (NYSEMKT NG) opened at $4.17 on Tuesday. NovaGold Resources Inc. has a twelve month low of $3.78 and a twelve month high of $6.21.
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Several hedge funds and other institutional investors have recently modified their holdings of NG. FMR LLC raised its holdings in shares of NovaGold Resources by 5.0% in the second quarter. FMR LLC now owns 24,090,234 shares of the mining company’s stock valued at $109,231,000 after buying an additional 1,156,249 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of NovaGold Resources by 1.5% in the third quarter. Van ECK Associates Corp now owns 14,537,045 shares of the mining company’s stock valued at $59,893,000 after buying an additional 211,838 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of NovaGold Resources by 7.1% in the second quarter. Vanguard Group Inc. now owns 4,855,202 shares of the mining company’s stock valued at $22,140,000 after buying an additional 322,123 shares during the last quarter. Kopernik Global Investors LLC bought a new position in shares of NovaGold Resources in the third quarter valued at about $10,889,000. Finally, Point72 Europe London LLP bought a new position in shares of NovaGold Resources in the second quarter valued at about $11,557,000.
A number of research analysts have issued reports on the company. Zacks Investment Research cut NovaGold Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub raised NovaGold Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 26th.
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.
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