20,060 Shares in NovaGold Resources Inc. (NYSEAMERICAN:NG) Bought by Jump Financial LLC

Jump Financial LLC purchased a new position in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 20,060 shares of the mining company’s stock, valued at approximately $67,000.

A number of other large investors have also recently bought and sold shares of the business. XTX Topco Ltd boosted its stake in NovaGold Resources by 47.2% during the 4th quarter. XTX Topco Ltd now owns 61,848 shares of the mining company’s stock worth $206,000 after purchasing an additional 19,844 shares during the period. Barclays PLC boosted its stake in NovaGold Resources by 4.9% during the 4th quarter. Barclays PLC now owns 962,552 shares of the mining company’s stock worth $3,206,000 after purchasing an additional 44,717 shares during the period. Kopernik Global Investors LLC boosted its stake in NovaGold Resources by 23.1% during the 4th quarter. Kopernik Global Investors LLC now owns 17,006,844 shares of the mining company’s stock worth $56,633,000 after purchasing an additional 3,187,981 shares during the period. Sterling Capital Management LLC lifted its stake in shares of NovaGold Resources by 814.9% in the 4th quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company’s stock worth $26,000 after acquiring an additional 6,959 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of NovaGold Resources in the 4th quarter worth $1,952,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

NovaGold Resources Stock Down 2.0 %

Shares of NG opened at $4.35 on Tuesday. The company has a 50-day simple moving average of $3.17 and a 200-day simple moving average of $3.42. The company has a market capitalization of $1.46 billion, a PE ratio of -33.46 and a beta of 1.05. NovaGold Resources Inc. has a 52-week low of $2.26 and a 52-week high of $5.06.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded shares of NovaGold Resources to a “hold” rating in a research note on Friday, March 21st.

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.