NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 22,586 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $4.35, for a total transaction of $98,249.10. Following the completion of the sale, the vice president now directly owns 608,540 shares in the company, valued at approximately $2,647,149. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

NovaGold Resources stock opened at $4.31 on Friday. NovaGold Resources Inc. has a 52 week low of $3.41 and a 52 week high of $5.05.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its earnings results on Wednesday, January 23rd. The mining company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02).

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of NovaGold Resources from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, January 30th. Royal Bank of Canada reaffirmed a “hold” rating on shares of NovaGold Resources in a report on Wednesday, December 12th. Finally, B. Riley reaffirmed a “buy” rating on shares of NovaGold Resources in a report on Friday, January 25th.

Institutional investors have recently added to or reduced their stakes in the business. SlateStone Wealth LLC acquired a new position in NovaGold Resources during the 4th quarter valued at about $49,000. Signition LP acquired a new position in NovaGold Resources during the 4th quarter valued at about $50,000. Pin Oak Investment Advisors Inc. grew its stake in shares of NovaGold Resources by 42.3% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 23,985 shares of the mining company’s stock worth $95,000 after purchasing an additional 7,125 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of NovaGold Resources by 16.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 24,610 shares of the mining company’s stock worth $98,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of NovaGold Resources in the 4th quarter worth approximately $128,000.

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About NovaGold Resources

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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.

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

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