Principal Financial Group Inc. trimmed its position in NovaGold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG) by 28.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,007 shares of the mining company’s stock after selling 6,909 shares during the quarter. Principal Financial Group Inc.’s holdings in NovaGold Resources were worth $70,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. purchased a new stake in shares of NovaGold Resources during the third quarter worth $31,000. AQR Capital Management LLC bought a new position in NovaGold Resources during the second quarter valued at about $49,000. Evoke Wealth LLC acquired a new stake in NovaGold Resources during the second quarter worth $66,000. Toronto Dominion Bank lifted its stake in NovaGold Resources by 67.3% during the third quarter. Toronto Dominion Bank now owns 23,300 shares of the mining company’s stock worth $96,000 after purchasing an additional 9,377 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of NovaGold Resources during the third quarter valued at $102,000. 57.56% of the stock is owned by institutional investors and hedge funds.
NovaGold Resources Price Performance
NG stock opened at $3.34 on Wednesday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -25.69 and a beta of 1.07. NovaGold Resources Inc. has a 1 year low of $2.22 and a 1 year high of $4.88.
Analysts Set New Price Targets
Check Out Our Latest Analysis on NovaGold Resources
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.
Recommended Stories
- Five stocks we like better than NovaGold Resources
- Are Penny Stocks a Good Fit for Your Portfolio?
- Disney: Forging a 3-Headed Sports Streaming Giant With Fubo Deal
- What Investors Need to Know to Beat the Market
- How Buffett’s Best and Worst Stock Bets Have Fared 5 Years Later
- With Risk Tolerance, One Size Does Not Fit All
- Bill Ackman’s Bold Case for Fannie Mae and Freddie Mac
Want to see what other hedge funds are holding NG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NovaGold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG).
Receive News & Ratings for NovaGold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NovaGold Resources and related companies with MarketBeat.com's FREE daily email newsletter.
