Robertson Stephens Wealth Management LLC Boosts Stake in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Robertson Stephens Wealth Management LLC boosted its stake in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 270,546 shares of the mining company’s stock after buying an additional 5,546 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in NovaGold Resources were worth $901,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. purchased a new position in shares of NovaGold Resources during the 3rd quarter worth $31,000. AQR Capital Management LLC purchased a new position in shares of NovaGold Resources during the 2nd quarter worth $49,000. Toronto Dominion Bank lifted its stake in shares of NovaGold Resources by 67.3% during the 3rd quarter. Toronto Dominion Bank now owns 23,300 shares of the mining company’s stock worth $96,000 after purchasing an additional 9,377 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of NovaGold Resources during the 3rd quarter worth $102,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of NovaGold Resources during the 3rd quarter worth $121,000. Hedge funds and other institutional investors own 57.56% of the company’s stock.

NovaGold Resources Stock Performance

Shares of NovaGold Resources stock opened at $3.33 on Friday. NovaGold Resources Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $4.88. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -25.62 and a beta of 1.05.

NovaGold Resources 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.