Bank of America Corp DE decreased its stake in shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 28.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 57,132 shares of the mining company’s stock after selling 22,698 shares during the period. Bank of America Corp DE’s holdings in NovaGold Resources were worth $278,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quantitative Investment Management LLC boosted its position in NovaGold Resources by 2.0% in the first quarter. Quantitative Investment Management LLC now owns 200,000 shares of the mining company’s stock valued at $974,000 after buying an additional 3,900 shares in the last quarter. Legacy Capital Partners Inc. boosted its position in NovaGold Resources by 19.9% in the first quarter. Legacy Capital Partners Inc. now owns 31,300 shares of the mining company’s stock valued at $153,000 after buying an additional 5,200 shares in the last quarter. Legal & General Group Plc boosted its position in NovaGold Resources by 31.8% in the first quarter. Legal & General Group Plc now owns 36,023 shares of the mining company’s stock valued at $174,000 after buying an additional 8,700 shares in the last quarter. OppenheimerFunds Inc. boosted its position in NovaGold Resources by 10.0% in the first quarter. OppenheimerFunds Inc. now owns 110,000 shares of the mining company’s stock valued at $536,000 after buying an additional 10,000 shares in the last quarter. Finally, Levin Capital Strategies L.P. boosted its position in NovaGold Resources by 2.5% in the first quarter. Levin Capital Strategies L.P. now owns 608,180 shares of the mining company’s stock valued at $2,962,000 after buying an additional 15,000 shares in the last quarter.

NovaGold Resources Inc. (NYSEMKT:NG) traded up 2.482% during midday trading on Thursday, reaching $4.335. 653,536 shares of the company traded hands. NovaGold Resources Inc. has a 1-year low of $3.78 and a 1-year high of $6.21. The firm has a 50-day moving average of $4.34 and a 200-day moving average of $4.61. The stock’s market capitalization is $1.39 billion.

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Several equities analysts have recently weighed in on the stock. BidaskClub upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research cut shares of NovaGold Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

In other news, Director Gillyeard J. Leathley sold 7,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $5.65, for a total value of $39,550.00. Following the completion of the transaction, the director now directly owns 84,940 shares of the company’s stock, valued at $479,911. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David A. Ottewell sold 43,224 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $4.65, for a total value of $200,991.60. Following the completion of the transaction, the vice president now directly owns 788,540 shares of the company’s stock, valued at $3,666,711. The disclosure for this sale can be found here.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

Institutional Ownership by Quarter for NovaGold Resources (NYSEMKT:NG)

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