Bank of New York Mellon Corp Sells 9,735 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG)

Bank of New York Mellon Corp lessened its holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 659,655 shares of the mining company’s stock after selling 9,735 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.20% of NovaGold Resources worth $2,197,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in NovaGold Resources by 5.0% during the 3rd quarter. State Street Corp now owns 4,321,172 shares of the mining company’s stock worth $17,717,000 after purchasing an additional 206,610 shares during the last quarter. Geode Capital Management LLC raised its holdings in NovaGold Resources by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,046,926 shares of the mining company’s stock worth $12,497,000 after purchasing an additional 9,629 shares during the last quarter. Bank of Montreal Can raised its holdings in NovaGold Resources by 26.5% during the 3rd quarter. Bank of Montreal Can now owns 1,278,090 shares of the mining company’s stock worth $5,377,000 after purchasing an additional 267,713 shares during the last quarter. Wellington Management Group LLP raised its holdings in NovaGold Resources by 20.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,146,787 shares of the mining company’s stock worth $4,702,000 after purchasing an additional 195,117 shares during the last quarter. Finally, Barclays PLC raised its holdings in NovaGold Resources by 19.9% during the 3rd quarter. Barclays PLC now owns 917,835 shares of the mining company’s stock worth $3,762,000 after purchasing an additional 152,164 shares during the last quarter. Institutional investors own 57.56% of the company’s stock.

NovaGold Resources Trading Down 0.9 %

NovaGold Resources stock opened at $3.39 on Friday. NovaGold Resources Inc. has a 52-week low of $2.56 and a 52-week high of $4.88. The stock’s 50 day moving average price is $3.23. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -26.08 and a beta of 1.05.

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.