SG Americas Securities LLC Has $713,000 Stock Holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG)

SG Americas Securities LLC lifted its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214,126 shares of the mining company’s stock after purchasing an additional 17,341 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of NovaGold Resources worth $713,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Northwest & Ethical Investments L.P. acquired a new stake in shares of NovaGold Resources during the 3rd quarter worth about $31,000. AQR Capital Management LLC bought a new position in NovaGold Resources during the 2nd quarter worth approximately $49,000. Toronto Dominion Bank lifted its stake in NovaGold Resources by 67.3% in the third quarter. Toronto Dominion Bank now owns 23,300 shares of the mining company’s stock valued at $96,000 after buying an additional 9,377 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of NovaGold Resources in the third quarter valued at approximately $102,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of NovaGold Resources in the third quarter valued at approximately $121,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

NovaGold Resources Trading Up 0.7 %

Shares of NYSEAMERICAN:NG opened at $3.08 on Thursday. NovaGold Resources Inc. has a 1-year low of $2.22 and a 1-year high of $4.88. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -23.69 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of NovaGold Resources to a “strong-buy” rating in a research report on Thursday, October 3rd.

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.