Gregory A. Lang Sells 67,641 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) Stock

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) CEO Gregory A. Lang sold 67,641 shares of NovaGold Resources stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $6.43, for a total value of $434,931.63. Following the completion of the sale, the chief executive officer now owns 217,494 shares in the company, valued at approximately $1,398,486.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSEAMERICAN:NG traded up $0.15 on Friday, reaching $6.49. The company’s stock had a trading volume of 84,471 shares, compared to its average volume of 2,096,313. NovaGold Resources Inc. has a 12-month low of $3.42 and a 12-month high of $7.95.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its quarterly earnings data on Tuesday, October 1st. The mining company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02).



NG has been the topic of a number of research analyst reports. B. Riley set a $9.00 target price on NovaGold Resources and gave the company a “buy” rating in a research report on Friday, August 23rd. Zacks Investment Research upgraded NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th.

Several hedge funds have recently bought and sold shares of NG. Matisse Capital acquired a new position in NovaGold Resources during the 2nd quarter worth $59,000. Aperio Group LLC acquired a new position in NovaGold Resources during the 2nd quarter worth $61,000. Prudential Financial Inc. acquired a new position in NovaGold Resources during the 2nd quarter worth $91,000. HighTower Advisors LLC grew its stake in NovaGold Resources by 18.2% during the 2nd quarter. HighTower Advisors LLC now owns 16,529 shares of the mining company’s stock worth $97,000 after purchasing an additional 2,544 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of NovaGold Resources by 17.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,711 shares of the mining company’s stock worth $111,000 after acquiring an additional 2,909 shares in the last quarter.

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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