NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 10,059 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $7.61, for a total transaction of $76,548.99. Following the sale, the vice president now directly owns 582,265 shares of the company’s stock, valued at approximately $4,431,036.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NovaGold Resources stock opened at $7.42 on Friday. NovaGold Resources Inc. has a 1-year low of $3.41 and a 1-year high of $7.95.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings results on Wednesday, June 26th. The mining company reported ($0.02) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.02).

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of NovaGold Resources from a “hold” rating to a “sell” rating in a report on Wednesday. B. Riley set a $9.00 price target on shares of NovaGold Resources and gave the stock a “buy” rating in a report on Friday, August 23rd.

Several institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in NovaGold Resources during the 1st quarter worth approximately $46,000. Matisse Capital acquired a new position in NovaGold Resources during the 2nd quarter worth approximately $59,000. Aperio Group LLC acquired a new position in NovaGold Resources during the 2nd quarter worth approximately $61,000. Prudential Financial Inc. acquired a new position in NovaGold Resources during the 2nd quarter worth approximately $91,000. Finally, Miracle Mile Advisors LLC acquired a new position in NovaGold Resources during the 1st quarter worth approximately $96,000.

NovaGold Resources Company Profile

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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