NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) insider Gregory A. Lang sold 61,087 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $3.73, for a total transaction of $227,854.51. Following the sale, the insider now owns 1,738,022 shares of the company’s stock, valued at approximately $6,482,822.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NG stock opened at $3.77 on Thursday. NovaGold Resources Inc. has a 1-year low of $3.35 and a 1-year high of $5.05.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its earnings results on Tuesday, October 2nd. The mining company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01.

A number of hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC boosted its holdings in shares of NovaGold Resources by 123.0% during the third quarter. Virtu Financial LLC now owns 34,650 shares of the mining company’s stock valued at $147,000 after acquiring an additional 19,110 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of NovaGold Resources during the second quarter valued at $153,000. OLD Mission Capital LLC acquired a new position in shares of NovaGold Resources during the second quarter valued at $158,000. Mackenzie Financial Corp acquired a new position in shares of NovaGold Resources during the third quarter valued at $177,000. Finally, Cedar Wealth Management LLC boosted its holdings in shares of NovaGold Resources by 316.0% during the third quarter. Cedar Wealth Management LLC now owns 49,260 shares of the mining company’s stock valued at $183,000 after acquiring an additional 37,420 shares during the period.

Separately, Zacks Investment Research lowered shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday.

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About NovaGold Resources

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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Insider Buying and Selling by Quarter for NovaGold Resources (NYSEAMERICAN:NG)

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