Keating Investment Counselors Inc. Raises Stake in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Keating Investment Counselors Inc. raised its stake in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 281.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,000 shares of the mining company’s stock after buying an additional 45,000 shares during the quarter. Keating Investment Counselors Inc.’s holdings in NovaGold Resources were worth $203,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings 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 period. Jane Street Group LLC boosted its holdings in NovaGold Resources by 37.2% during the 3rd quarter. Jane Street Group LLC now owns 807,387 shares of the mining company’s stock valued at $3,310,000 after acquiring an additional 219,077 shares during the period. State Street Corp boosted its stake in shares of NovaGold Resources by 5.0% in the 3rd quarter. State Street Corp now owns 4,321,172 shares of the mining company’s stock valued at $17,717,000 after buying an additional 206,610 shares during the period. Wellington Management Group LLP boosted its stake in shares of NovaGold Resources by 20.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,146,787 shares of the mining company’s stock valued at $4,702,000 after buying an additional 195,117 shares during the period. Finally, Barclays PLC boosted its stake in shares of NovaGold Resources by 19.9% in the 3rd quarter. Barclays PLC now owns 917,835 shares of the mining company’s stock valued at $3,762,000 after buying an additional 152,164 shares during the period. 57.56% of the stock is currently owned by hedge funds and other institutional investors.

NovaGold Resources Trading Down 6.0 %

Shares of NYSEAMERICAN NG opened at $3.15 on Tuesday. NovaGold Resources Inc. has a fifty-two week low of $2.28 and a fifty-two week high of $4.88. The stock has a market cap of $1.05 billion, a PE ratio of -24.23 and a beta of 1.05.

About NovaGold Resources

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.