NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Purchased by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC raised its position in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 11.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 325,768 shares of the mining company’s stock after purchasing an additional 33,900 shares during the quarter. Goehring & Rozencwajg Associates LLC owned about 0.10% of NovaGold Resources worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Paulson & CO. Inc. boosted its stake in NovaGold Resources by 5.9% in the 4th quarter. Paulson & CO. Inc. now owns 23,541,483 shares of the mining company’s stock worth $88,045,000 after purchasing an additional 1,315,183 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of NovaGold Resources by 16.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 21,485,443 shares of the mining company’s stock valued at $74,340,000 after buying an additional 3,042,480 shares during the period. Lingotto Investment Management LLP boosted its stake in shares of NovaGold Resources by 10.2% during the 2nd quarter. Lingotto Investment Management LLP now owns 19,428,261 shares of the mining company’s stock valued at $67,222,000 after buying an additional 1,790,528 shares during the period. Kopernik Global Investors LLC boosted its stake in shares of NovaGold Resources by 6.9% during the 4th quarter. Kopernik Global Investors LLC now owns 10,926,195 shares of the mining company’s stock valued at $40,864,000 after buying an additional 705,343 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of NovaGold Resources by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 10,378,109 shares of the mining company’s stock valued at $31,134,000 after purchasing an additional 367,401 shares in the last quarter. Institutional investors and hedge funds own 57.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NG. National Bank Financial downgraded shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. StockNews.com downgraded shares of NovaGold Resources from a “hold” rating to a “sell” rating in a report on Sunday, July 28th.

NovaGold Resources Trading Down 2.3 %

NYSEAMERICAN NG opened at $4.17 on Thursday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -32.08 and a beta of 1.05. NovaGold Resources Inc. has a 52-week low of $2.22 and a 52-week high of $4.88.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its earnings results on Wednesday, June 26th. The mining company reported ($0.04) earnings per share for the quarter.

NovaGold Resources Company 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.