BlueCrest Capital Management Ltd acquired a new stake in NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 36,874 shares of the mining company’s stock, valued at approximately $168,000.

Other hedge funds also recently made changes to their positions in the company. OppenheimerFunds Inc. lifted its position in NovaGold Resources by 10.0% in the first quarter. OppenheimerFunds Inc. now owns 110,000 shares of the mining company’s stock valued at $536,000 after purchasing an additional 10,000 shares during the last quarter. Morgan Stanley lifted its position in 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 purchasing an additional 617,162 shares during the last quarter. Clearbridge Investments LLC lifted its position in NovaGold Resources by 0.9% in the first quarter. Clearbridge Investments LLC now owns 2,458,184 shares of the mining company’s stock valued at $11,971,000 after purchasing an additional 20,780 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in NovaGold Resources by 26.1% in the first quarter. UBS Asset Management Americas Inc. now owns 87,390 shares of the mining company’s stock valued at $423,000 after purchasing an additional 18,100 shares during the last quarter. Finally, Credit Suisse AG lifted 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 purchasing an additional 71,754 shares during the last quarter.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut NovaGold Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub raised NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd.

Shares of NovaGold Resources Inc. (NYSEMKT NG) opened at 4.12 on Friday. The stock’s market capitalization is $1.33 billion. NovaGold Resources Inc. has a 52 week low of $3.78 and a 52 week high of $6.21. The company has a 50-day moving average price of $4.22 and a 200 day moving average price of $4.29.

In other news, VP David Deisley sold 43,801 shares of NovaGold Resources stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $4.28, for a total value of $187,468.28. Following the transaction, the vice president now directly owns 913,521 shares in the company, valued at approximately $3,909,869.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 71,236 shares of company stock worth $304,550 over the last quarter.

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NovaGold Resources Company Profile

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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