Gregory A. Lang Sells 58,649 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) Stock

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) CEO Gregory A. Lang sold 58,649 shares of NovaGold Resources stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $6.27, for a total value of $367,729.23. Following the completion of the transaction, the chief executive officer now directly owns 202,744 shares of the company’s stock, valued at $1,271,204.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSEAMERICAN:NG opened at $6.54 on Thursday. NovaGold Resources Inc. has a 1-year low of $3.42 and a 1-year high of $7.95.

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

A number of research firms recently issued reports on NG. B. Riley set a $9.00 price target on NovaGold Resources and gave the company a “buy” rating in a report on Friday, August 23rd. Zacks Investment Research cut NovaGold Resources from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th.

Large investors have recently made changes to their positions in the business. Edge Wealth Management LLC raised its holdings in NovaGold Resources by 8,000.0% during the 3rd quarter. Edge Wealth Management LLC now owns 8,100 shares of the mining company’s stock worth $49,000 after purchasing an additional 8,000 shares during the last quarter. Matisse Capital bought a new stake in NovaGold Resources during the 2nd quarter worth about $59,000. Aperio Group LLC acquired a new position in shares of NovaGold Resources during the 2nd quarter worth about $61,000. Prudential Financial Inc. acquired a new position in shares of NovaGold Resources during the 2nd quarter worth about $91,000. Finally, Tower Research Capital LLC TRC grew its position in shares of NovaGold Resources by 1,971.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,187 shares of the mining company’s stock worth $92,000 after buying an additional 14,454 shares during the period.

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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