Lingotto Investment Management LLP Buys 702,636 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG)

Lingotto Investment Management LLP increased its stake in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,902,054 shares of the mining company’s stock after purchasing an additional 702,636 shares during the quarter. NovaGold Resources accounts for 1.9% of Lingotto Investment Management LLP’s holdings, making the stock its 11th biggest holding. Lingotto Investment Management LLP owned approximately 6.25% of NovaGold Resources worth $69,604,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NG. Bank of Montreal Can lifted 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 worth $5,377,000 after purchasing an additional 267,713 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of NovaGold Resources by 37.2% in the third quarter. Jane Street Group LLC now owns 807,387 shares of the mining company’s stock valued at $3,310,000 after purchasing an additional 219,077 shares during the period. State Street Corp increased its holdings in shares of NovaGold Resources by 5.0% in the third quarter. State Street Corp now owns 4,321,172 shares of the mining company’s stock valued at $17,717,000 after purchasing an additional 206,610 shares during the period. Wellington Management Group LLP grew its holdings in NovaGold Resources by 20.5% during the third quarter. Wellington Management Group LLP now owns 1,146,787 shares of the mining company’s stock worth $4,702,000 after acquiring an additional 195,117 shares during the period. Finally, Barclays PLC grew its holdings in NovaGold Resources by 19.9% during the third quarter. Barclays PLC now owns 917,835 shares of the mining company’s stock worth $3,762,000 after acquiring an additional 152,164 shares during the period. Institutional investors own 57.56% of the company’s stock.

NovaGold Resources Trading Down 0.7 %

NYSEAMERICAN NG opened at $2.97 on Wednesday. NovaGold Resources Inc. has a 1-year low of $2.31 and a 1-year high of $4.88. The company has a market capitalization of $993.91 million, a PE ratio of -22.85 and a beta of 1.05.

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.