NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 14,040 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $7.09, for a total transaction of $99,543.60. Following the transaction, the vice president now owns 592,265 shares in the company, valued at approximately $4,199,158.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NG stock traded down $0.11 during mid-day trading on Friday, reaching $6.92. 2,830,000 shares of the stock traded hands, compared to its average volume of 1,942,359. NovaGold Resources Inc. has a one year low of $3.41 and a one year high of $7.13.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its quarterly earnings data on Wednesday, June 26th. The mining company reported ($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.02).

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of NovaGold Resources by 0.7% during the first quarter. FMR LLC now owns 24,349,227 shares of the mining company’s stock valued at $101,489,000 after purchasing an additional 166,039 shares during the period. Two Sigma Advisers LP purchased a new stake in NovaGold Resources in the fourth quarter worth about $164,000. Deutsche Bank AG lifted its stake in NovaGold Resources by 924,075.0% in the fourth quarter. Deutsche Bank AG now owns 36,967 shares of the mining company’s stock worth $146,000 after acquiring an additional 36,963 shares during the period. Norges Bank purchased a new stake in NovaGold Resources in the fourth quarter worth about $12,388,000. Finally, Exor Investments UK LLP lifted its stake in NovaGold Resources by 11.6% in the second quarter. Exor Investments UK LLP now owns 6,573,905 shares of the mining company’s stock worth $38,852,000 after acquiring an additional 684,000 shares during the period.

Separately, Zacks Investment Research upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Friday, July 26th.

About NovaGold Resources

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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Insider Buying and Selling by Quarter for NovaGold Resources (NYSEAMERICAN:NG)

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