NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,007,041 shares of the mining company’s stock after selling 337,869 shares during the quarter. Van ECK Associates Corp owned 2.09% of NovaGold Resources worth $23,333,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of NovaGold Resources by 19.9% during the 3rd quarter. Barclays PLC now owns 917,835 shares of the mining company’s stock worth $3,762,000 after buying an additional 152,164 shares during the last quarter. State Street Corp raised its stake in shares of NovaGold Resources by 5.0% during the 3rd quarter. State Street Corp now owns 4,321,172 shares of the mining company’s stock worth $17,717,000 after buying an additional 206,610 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of NovaGold Resources by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 394,749 shares of the mining company’s stock worth $1,618,000 after buying an additional 69,785 shares during the last quarter. Bank of Montreal Can raised its stake in shares of NovaGold Resources by 26.5% during the 3rd quarter. Bank of Montreal Can now owns 1,278,090 shares of the mining company’s stock worth $5,377,000 after buying an additional 267,713 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of NovaGold Resources by 20.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,146,787 shares of the mining company’s stock worth $4,702,000 after buying an additional 195,117 shares during the last quarter. Institutional investors and hedge funds own 57.56% of the company’s stock.

NovaGold Resources Price Performance

NovaGold Resources stock opened at $3.15 on Friday. The stock has a market cap of $1.05 billion, a P/E ratio of -24.23 and a beta of 1.05. NovaGold Resources Inc. has a 52 week low of $2.28 and a 52 week high of $4.88.

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.