Toronto Dominion Bank Boosts Stake in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Toronto Dominion Bank lifted its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 67.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,300 shares of the mining company’s stock after buying an additional 9,377 shares during the period. Toronto Dominion Bank’s holdings in NovaGold Resources were worth $96,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NG. First Eagle Investment Management LLC grew its position in NovaGold Resources by 16.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 21,485,443 shares of the mining company’s stock worth $74,340,000 after purchasing an additional 3,042,480 shares during the period. Lingotto Investment Management LLP grew its holdings in shares of NovaGold Resources by 10.2% in the second quarter. Lingotto Investment Management LLP now owns 19,428,261 shares of the mining company’s stock worth $67,222,000 after acquiring an additional 1,790,528 shares during the period. State Street Corp increased its position 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 valued at $17,717,000 after acquiring an additional 206,610 shares during the last quarter. Geode Capital Management LLC boosted its position in NovaGold Resources by 0.3% in the third quarter. Geode Capital Management LLC now owns 3,046,926 shares of the mining company’s stock worth $12,497,000 after purchasing an additional 9,629 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of NovaGold Resources by 26.5% during the 3rd quarter. Bank of Montreal Can now owns 1,278,090 shares of the mining company’s stock valued at $5,377,000 after purchasing an additional 267,713 shares during the period. 57.56% of the stock is currently owned by institutional investors.

NovaGold Resources Trading Up 0.6 %

Shares of NovaGold Resources stock opened at $3.42 on Tuesday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -26.31 and a beta of 1.07. NovaGold Resources Inc. has a one year low of $2.22 and a one year high of $4.88.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings results on Wednesday, October 2nd. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01).

Wall Street Analyst Weigh In

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

About NovaGold Resources

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.