AXQ Capital LP bought a new position in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 17,587 shares of the mining company’s stock, valued at approximately $59,000.
A number of other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of NovaGold Resources by 2.0% during the fourth quarter. American Century Companies Inc. now owns 629,390 shares of the mining company’s stock worth $2,105,000 after acquiring an additional 12,246 shares in the last quarter. Cibc World Markets Corp bought a new position in NovaGold Resources during the 4th quarter worth about $76,000. Wealthfront Advisers LLC acquired a new stake in shares of NovaGold Resources in the 4th quarter valued at about $139,000. Amundi raised its stake in shares of NovaGold Resources by 11.6% in the 4th quarter. Amundi now owns 2,414,702 shares of the mining company’s stock valued at $8,138,000 after purchasing an additional 251,583 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of NovaGold Resources in the fourth quarter valued at about $1,952,000. Institutional investors own 57.56% of the company’s stock.
NovaGold Resources Stock Down 3.8 %
NG stock opened at $3.26 on Tuesday. The stock’s 50-day moving average price is $3.22. NovaGold Resources Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $4.88. The firm has a market capitalization of $1.09 billion, a PE ratio of -25.08 and a beta of 1.05.
NovaGold Resources Profile
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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