Virtu Financial LLC Buys New Shares in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Virtu Financial LLC purchased a new stake in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,752 shares of the mining company’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Deutsche Bank AG grew its position in shares of NovaGold Resources by 13.8% in the 3rd quarter. Deutsche Bank AG now owns 137,905 shares of the mining company’s stock valued at $530,000 after acquiring an additional 16,670 shares during the period. FMR LLC grew its holdings in NovaGold Resources by 0.9% during the third quarter. FMR LLC now owns 24,320,736 shares of the mining company’s stock worth $93,111,000 after purchasing an additional 226,211 shares during the period. Hsbc Holdings PLC increased its position in NovaGold Resources by 13.1% during the third quarter. Hsbc Holdings PLC now owns 52,845 shares of the mining company’s stock worth $202,000 after buying an additional 6,128 shares during the last quarter. Algert Global LLC bought a new stake in NovaGold Resources in the third quarter valued at approximately $96,000. Finally, Alps Advisors Inc. lifted its position in shares of NovaGold Resources by 0.4% in the third quarter. Alps Advisors Inc. now owns 1,075,570 shares of the mining company’s stock valued at $4,130,000 after buying an additional 4,600 shares during the last quarter. 57.56% of the stock is currently owned by institutional investors.

NovaGold Resources Stock Performance

Shares of NG opened at $3.35 on Friday. The stock has a market capitalization of $1.12 billion, a PE ratio of -25.77 and a beta of 1.18. NovaGold Resources Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $4.75.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its earnings results on Wednesday, April 3rd. The mining company reported ($0.03) EPS for the quarter.

About NovaGold Resources

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.