48,310 Shares in NovaGold Resources Inc. (NYSEAMERICAN:NG) Bought by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC bought a new position in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 48,310 shares of the mining company’s stock, valued at approximately $145,000.

Several other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of NovaGold Resources in the 1st quarter worth about $28,000. Wellington Management Group LLP increased its position in NovaGold Resources by 5.7% in the 4th quarter. Wellington Management Group LLP now owns 1,061,241 shares of the mining company’s stock valued at $3,969,000 after buying an additional 57,054 shares in the last quarter. Virtu Financial LLC bought a new stake in NovaGold Resources in the 4th quarter valued at about $205,000. Goehring & Rozencwajg Associates LLC increased its position in NovaGold Resources by 4.1% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 269,368 shares of the mining company’s stock valued at $1,007,000 after buying an additional 10,505 shares in the last quarter. Finally, Paulson & CO. Inc. increased its position 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 valued at $88,045,000 after buying an additional 1,315,183 shares in the last quarter. 57.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th.

NovaGold Resources Trading Down 2.1 %

NG stock traded down $0.07 during mid-day trading on Tuesday, reaching $3.33. 1,167,332 shares of the company traded hands, compared to its average volume of 2,123,396. NovaGold Resources Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $4.66.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released 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.