NovaGold Resources Inc. (NYSEAMERICAN:NG) Director Anthony P. Walsh Sells 56,691 Shares

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) Director Anthony P. Walsh sold 56,691 shares of NovaGold Resources stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $5.88, for a total transaction of $333,343.08. Following the sale, the director now owns 128,307 shares in the company, valued at approximately $754,445.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NG opened at $5.66 on Thursday. NovaGold Resources Inc. has a fifty-two week low of $3.41 and a fifty-two week high of $5.92.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in NovaGold Resources during the fourth quarter valued at $715,000. Commonwealth Equity Services LLC increased its position in NovaGold Resources by 262.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 83,802 shares of the mining company’s stock valued at $331,000 after acquiring an additional 60,696 shares during the last quarter. Two Sigma Advisers LP bought a new position in NovaGold Resources during the fourth quarter valued at $164,000. Teacher Retirement System of Texas increased its position in 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 valued at $6,360,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Deutsche Bank AG increased its position in NovaGold Resources by 924,075.0% during the fourth quarter. Deutsche Bank AG now owns 36,967 shares of the mining company’s stock valued at $146,000 after acquiring an additional 36,963 shares during the last quarter.

Separately, Zacks Investment Research upgraded shares of NovaGold Resources from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, April 10th.

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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