19,161 Shares in NovaGold Resources Inc. (NYSEAMERICAN:NG) Bought by Evoke Wealth LLC

Evoke Wealth LLC bought a new stake in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,161 shares of the mining company’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NG. Sei Investments Co. raised its position in shares of NovaGold Resources by 6.3% during the 2nd quarter. Sei Investments Co. now owns 428,410 shares of the mining company’s stock worth $1,482,000 after buying an additional 25,290 shares in the last quarter. Cedar Wealth Management LLC increased its stake in shares of NovaGold Resources by 129.4% during the second quarter. Cedar Wealth Management LLC now owns 339,283 shares of the mining company’s stock valued at $1,174,000 after acquiring an additional 191,402 shares during the period. Goehring & Rozencwajg Associates LLC raised its holdings in NovaGold Resources by 11.6% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 325,768 shares of the mining company’s stock worth $1,127,000 after purchasing an additional 33,900 shares in the last quarter. First Eagle Investment Management LLC lifted its position in NovaGold Resources by 16.5% in the second quarter. First Eagle Investment Management LLC now owns 21,485,443 shares of the mining company’s stock worth $74,340,000 after purchasing an additional 3,042,480 shares during the period. Finally, Lingotto Investment Management LLP boosted its stake in 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 purchasing an additional 1,790,528 shares in the last quarter. 57.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NovaGold Resources Stock Up 0.2 %

Shares of NovaGold Resources stock opened at $4.24 on Friday. The firm has a market capitalization of $1.42 billion, a PE ratio of -32.62 and a beta of 1.05. NovaGold Resources Inc. has a 12 month low of $2.22 and a 12 month high of $4.88.

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