CIBC Asset Management Inc boosted its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,233 shares of the mining company’s stock after purchasing an additional 3,710 shares during the quarter. CIBC Asset Management Inc’s holdings in NovaGold Resources were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NG. Mackenzie Financial Corp bought a new position in NovaGold Resources during the third quarter valued at $177,000. TD Asset Management Inc. increased its position in NovaGold Resources by 1.8% during the fourth quarter. TD Asset Management Inc. now owns 1,119,218 shares of the mining company’s stock valued at $4,441,000 after acquiring an additional 19,300 shares during the last quarter. Sowell Financial Services LLC bought a new position in NovaGold Resources during the third quarter valued at $231,000. Vanguard Group Inc increased its position in NovaGold Resources by 1.2% during the third quarter. Vanguard Group Inc now owns 5,477,717 shares of the mining company’s stock valued at $20,322,000 after acquiring an additional 64,970 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in NovaGold Resources by 1.2% during the third quarter. Vanguard Group Inc. now owns 5,477,717 shares of the mining company’s stock valued at $20,322,000 after acquiring an additional 64,970 shares during the last quarter.

A number of research firms have weighed in on NG. B. Riley reiterated a “buy” rating on shares of NovaGold Resources in a research report on Friday, January 25th. Zacks Investment Research cut shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 6th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of NovaGold Resources in a research report on Wednesday, December 12th.

Shares of NovaGold Resources stock opened at $4.31 on Friday. NovaGold Resources Inc. has a 1 year low of $3.41 and a 1 year high of $5.05.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its quarterly earnings results on Wednesday, January 23rd. The mining company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02).

In related news, Director Anthony P. Walsh sold 72,512 shares of the stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $3.94, for a total value of $285,697.28. Following the completion of the transaction, the director now directly owns 188,724 shares of the company’s stock, valued at approximately $743,572.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory A. Lang sold 65,039 shares of the stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $3.84, for a total transaction of $249,749.76. Following the completion of the transaction, the insider now directly owns 1,831,026 shares of the company’s stock, valued at $7,031,139.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 326,194 shares of company stock valued at $1,290,011.

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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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