NovaGold Resources Inc. (NYSEAMERICAN:NG) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. lessened its holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 49.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,102 shares of the mining company’s stock after selling 17,817 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in NovaGold Resources were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of NG. Lingotto Investment Management LLP lifted its stake in shares of NovaGold Resources by 3.5% in the 4th quarter. Lingotto Investment Management LLP now owns 20,902,054 shares of the mining company’s stock valued at $69,604,000 after purchasing an additional 702,636 shares during the last quarter. Raymond James Financial Inc. acquired a new position in NovaGold Resources during the 4th quarter worth about $1,952,000. Bank of Montreal Can lifted its stake in 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 acquiring an additional 267,713 shares in the last quarter. Jane Street Group LLC lifted its stake 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 worth $3,310,000 after acquiring an additional 219,077 shares in the last quarter. Finally, State Street Corp lifted its stake in NovaGold Resources by 5.0% during the 3rd quarter. State Street Corp now owns 4,321,172 shares of the mining company’s stock worth $17,717,000 after acquiring an additional 206,610 shares in the last quarter. Institutional investors and hedge funds own 57.56% of the company’s stock.

NovaGold Resources Trading Up 6.9 %

NG opened at $3.57 on Friday. The business’s 50-day moving average price is $3.22. NovaGold Resources Inc. has a 12-month low of $2.45 and a 12-month high of $4.88. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -27.46 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.