NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Bought by Lingotto Investment Management LLP

Lingotto Investment Management LLP raised its stake in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,902,054 shares of the mining company’s stock after purchasing an additional 702,636 shares during the period. NovaGold Resources comprises 1.9% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 11th biggest position. Lingotto Investment Management LLP owned approximately 0.06% of NovaGold Resources worth $69,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of NovaGold Resources by 19.9% in the 3rd quarter. Barclays PLC now owns 917,835 shares of the mining company’s stock valued at $3,762,000 after purchasing an additional 152,164 shares during the last quarter. State Street Corp raised its holdings in NovaGold Resources by 5.0% during the third quarter. State Street Corp now owns 4,321,172 shares of the mining company’s stock worth $17,717,000 after purchasing an additional 206,610 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in NovaGold Resources by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 394,749 shares of the mining company’s stock worth $1,618,000 after purchasing an additional 69,785 shares during the last quarter. Bank of Montreal Can increased its position in NovaGold Resources by 26.5% during the third 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 in the last quarter. Finally, Wellington Management Group LLP increased its position in NovaGold Resources by 20.5% during the third 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 in the last quarter. Institutional investors and hedge funds own 57.56% of the company’s stock.

NovaGold Resources Stock Down 0.7 %

NovaGold Resources stock opened at $2.97 on Wednesday. The firm has a market cap of $993.91 million, a price-to-earnings ratio of -22.85 and a beta of 1.05. NovaGold Resources Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $4.88.

NovaGold Resources Company Profile

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.