2 weeks Ago By Defense World Staff
Geode Capital Management LLC grew its holdings in NovaGold Resources Inc. ( NYSEAMERICAN:NG – Free Report ) (TSE:NG) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 3,067,144 shares of the mining company’s stock after purchasing an additional 20,218 shares during the quarter. Geode Capital Management LLC owned approximately 0.92% of NovaGold Resources worth $10,220,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. AXQ Capital LP acquired a new position in shares of NovaGold Resources during the 4th quarter worth about $59,000. Cibc World Markets Corp bought a new position in NovaGold Resources during the 4th quarter worth approximately $76,000.
Wealthfront Advisers LLC bought a new position in NovaGold Resources during the 4th quarter worth approximately $139,000. Keating Investment Counselors Inc. grew its holdings in NovaGold Resources by 281.
3% during the fourth quarter. Keating Investment Counselors Inc. now owns 61,000 shares of the mining company’s stock valued at $203,000 after purchasing an additional 45,000 shares during the period.
Finally, Virtu Financial LLC bought a new stake in NovaGold Resources in the third quarter valued at approximately $308,000. Institutional investors and hedge funds own 57.56% of the company’s stock.
Wall Street Analyst Weigh In Separately, National Bank Financial raised shares of NovaGold Resources to a “hold” rating in a research report on Friday, March 21st. NovaGold Resources Trading Up 39.9 % NYSEAMERICAN:NG opened at $4.
35 on Wednesday. NovaGold Resources Inc. has a 1 year low of $2.
26 and a 1 year high of $4.88. The stock has a 50-day moving average price of $3.
06 and a two-hundred day moving average price of $3.39. The stock has a market cap of $1.
46 billion, a price-to-earnings ratio of -33.46 and a beta of 1.05.
About NovaGold Resources ( Free Report ) NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares 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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