NovaGold Resources Inc. (NYSEAMERICAN:NG) VP David A. Ottewell Sells 40,536 Shares

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 40,536 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $6.46, for a total transaction of $261,862.56. Following the completion of the transaction, the vice president now directly owns 662,265 shares in the company, valued at $4,278,231.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NovaGold Resources stock opened at $6.29 on Monday. NovaGold Resources Inc. has a twelve month low of $3.41 and a twelve month high of $6.58.

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

Separately, Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, July 16th.

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of NovaGold Resources by 0.7% during the first quarter. FMR LLC now owns 24,349,227 shares of the mining company’s stock worth $101,489,000 after purchasing an additional 166,039 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of NovaGold Resources by 262.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 83,802 shares of the mining company’s stock worth $331,000 after purchasing an additional 60,696 shares during the period. Two Sigma Advisers LP bought a new position in shares of NovaGold Resources during the fourth quarter worth approximately $164,000. Teacher Retirement System of Texas increased its holdings in shares of NovaGold Resources by 3.2% during the fourth quarter. Teacher Retirement System of Texas now owns 1,610,000 shares of the mining company’s stock worth $6,360,000 after purchasing an additional 50,000 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of NovaGold Resources by 924,075.0% during the fourth quarter. Deutsche Bank AG now owns 36,967 shares of the mining company’s stock worth $146,000 after purchasing an additional 36,963 shares during the period.

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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