Exencial Wealth Advisors LLC Reduces Stake in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Exencial Wealth Advisors LLC reduced its holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,500 shares of the mining company’s stock after selling 5,300 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in NovaGold Resources were worth $92,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NG. Northwest & Ethical Investments L.P. bought a new position in NovaGold Resources in the third quarter worth about $31,000. Toronto Dominion Bank boosted its holdings in shares of NovaGold Resources by 67.3% during the 3rd quarter. Toronto Dominion Bank now owns 23,300 shares of the mining company’s stock valued at $96,000 after buying an additional 9,377 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of NovaGold Resources in the 3rd quarter worth about $102,000. Point72 Asset Management L.P. bought a new position in shares of NovaGold Resources in the 3rd quarter worth about $121,000. Finally, XTX Topco Ltd boosted its stake in NovaGold Resources by 52.1% during the third quarter. XTX Topco Ltd now owns 42,004 shares of the mining company’s stock worth $172,000 after acquiring an additional 14,397 shares in the last quarter. 57.56% of the stock is owned by hedge funds and other institutional investors.

NovaGold Resources Trading Up 1.2 %

Shares of NG opened at $3.34 on Friday. NovaGold Resources Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $4.88. The business has a 50-day simple moving average of $3.22. The stock has a market capitalization of $1.12 billion, a PE ratio of -25.69 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.