NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its position in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 27.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 363,587 shares of the mining company’s stock after acquiring an additional 79,361 shares during the period. Raymond James & Associates owned approximately 0.11% of NovaGold Resources worth $1,360,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NG. SG Americas Securities LLC lifted its stake in shares of NovaGold Resources by 28.4% in the fourth quarter. SG Americas Securities LLC now owns 115,430 shares of the mining company’s stock valued at $432,000 after purchasing an additional 25,523 shares during the period. Vanguard Group Inc. lifted its stake in shares of NovaGold Resources by 1.9% in the third quarter. Vanguard Group Inc. now owns 9,823,289 shares of the mining company’s stock valued at $37,721,000 after purchasing an additional 178,772 shares during the period. Deutsche Bank AG lifted its stake in shares of NovaGold Resources by 13.8% in the third quarter. Deutsche Bank AG now owns 137,905 shares of the mining company’s stock valued at $530,000 after purchasing an additional 16,670 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of NovaGold Resources by 0.9% in the third quarter. Public Sector Pension Investment Board now owns 526,993 shares of the mining company’s stock valued at $2,027,000 after purchasing an additional 4,471 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of NovaGold Resources in the third quarter valued at about $449,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

Analyst Ratings Changes

Separately, National Bank Financial restated an “outperform overweight” rating on shares of NovaGold Resources in a report on Wednesday, January 3rd.

NovaGold Resources Trading Up 1.0 %

Shares of NYSEAMERICAN NG opened at $3.10 on Friday. The stock has a market cap of $1.04 billion, a PE ratio of -23.85 and a beta of 1.06. NovaGold Resources Inc. has a 12 month low of $2.22 and a 12 month high of $5.75. The company has a quick ratio of 65.41, a current ratio of 65.41 and a debt-to-equity ratio of 3,250.59.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its earnings results on Wednesday, January 24th. The mining company reported ($0.03) earnings per share (EPS) for the quarter.

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.