Sheaff Brock Investment Advisors LLC Acquires New Shares in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Sheaff Brock Investment Advisors LLC acquired a new stake in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,511 shares of the mining company’s stock, valued at approximately $32,000.

A number of other large investors have also made changes to their positions in the company. Paulson & CO. Inc. boosted its position in shares of NovaGold Resources by 5.9% during the 4th quarter. Paulson & CO. Inc. now owns 23,541,483 shares of the mining company’s stock worth $88,045,000 after acquiring an additional 1,315,183 shares in the last quarter. Kopernik Global Investors LLC raised its stake in NovaGold Resources by 6.9% during the fourth quarter. Kopernik Global Investors LLC now owns 10,926,195 shares of the mining company’s stock worth $40,864,000 after buying an additional 705,343 shares during the last quarter. Russell Investments Group Ltd. raised its stake in NovaGold Resources by 37.0% during the first quarter. Russell Investments Group Ltd. now owns 2,119,689 shares of the mining company’s stock worth $6,359,000 after buying an additional 572,273 shares during the last quarter. Vanguard Group Inc. raised its stake in NovaGold Resources by 3.7% during the first quarter. Vanguard Group Inc. now owns 10,378,109 shares of the mining company’s stock worth $31,134,000 after buying an additional 367,401 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in NovaGold Resources by 2.9% during the fourth quarter. Van ECK Associates Corp now owns 9,472,929 shares of the mining company’s stock worth $35,429,000 after buying an additional 263,264 shares during the last quarter. Institutional investors own 57.56% of the company’s stock.

Analyst Ratings Changes

NG has been the topic of several research reports. National Bank Financial lowered shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday. StockNews.com downgraded shares of NovaGold Resources from a “hold” rating to a “sell” rating in a research report on Monday, July 22nd.

NovaGold Resources Stock Performance

Shares of NovaGold Resources stock traded up $0.20 on Friday, hitting $4.75. 1,397,039 shares of the company traded hands, compared to its average volume of 1,848,553. NovaGold Resources Inc. has a 12-month low of $2.22 and a 12-month high of $4.88.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last announced its earnings results on Wednesday, June 26th. The mining company reported ($0.04) earnings per share for the quarter.

NovaGold Resources 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.