NovaGold Resources Inc. (NYSE:NG) produced a 63.05% rally since recording the worst price of $3.41. Thanks to the latest 6.51% increase, it now trades at $5.56. Throughout the trading on 6/24/2019, the share price floated between $5.25 and $5.59. This company shares are 30.4% off its target price of $7.25 and the current market capitalization stands at $1.79B. The recent change has given its price a 34.81% lead over SMA 50 and 4.22% lead over its 52-week high. The stock witnessed 45.17% gains, 24.94% gains and 43.3% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NG’s volatility during a week at 5.12% and during a month it has been found around 3.85%.

What Does NovaGold Resources Inc. (NG) Do?

The company describes itself in regulatory filings as, “NovaGold Resources, Inc. engages in the acquisition, exploration, and development of metal properties primarily located in Alaska and British Columbia. Its developments include Donlin Gold and Galore Creek projects. The company was founded by Gregory Shawn Johnson, John W. Chisholm, Macisaac G. Angus, Rick van Nieuwenhuyse and Gerald James McConnell on December 5, 1984 and is headquartered Vancouver, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/NG/profile under company description.]

NovaGold Resources Inc. (NG) Top Holders

Institutional investors currently hold around $725 million or 48.3% in NG stock. Look at its top three institutional owners: Fmr Llc owns $127.1 million in NovaGold Resources Inc., which represents roughly 7.1% of the company’s market cap and approximately 17.53% of the institutional ownership. Similar statistics are true for the second largest owner, Paulson & Co. Inc., which owns 21,992,896 shares of the stock are valued at $114.8 million. The third largest holder is Van Eck Associates Corp, which currently holds $70.42 million worth of this stock and that ownership represents nearly 3.93% of its market capitalization.

NovaGold Resources Inc. 13F Filings

At the end of March reporting period, 55 institutional holders increased their position in NovaGold Resources Inc. (NYSE:NG) by some 14,302,948 shares, 59 decreased positions by 13,880,304 and 43 held positions by 110,727,178. That puts total institutional holdings at 138,910,430 shares, according to SEC filings. The stock grabbed 20 new institutional investments totaling 1,076,879 shares while 21 institutional investors sold out their entire positions totaling 6,748,312 shares.

NovaGold Resources Inc. (NYSE:NG) Insider Trades

Multiple company employees have indulged in significant insider trading. NovaGold Resources Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Lang Gregory A. has sold 66,793 shares of NovaGold Resources Inc. (NG) in the trading session dated Jun. 13, 2019. These shares are worth $291,217 and were traded at $4.36 each. The SEC filing shows that Ottewell David A. performed a sale of 18,087 shares. The Vice President & CFO disposed these shares by way of transaction on Jun. 13, 2019. The company’s shares were given away at $4.36 per share worth to an income of some $78,859 to the account of Ottewell David A..

Vice President & CFO, Ottewell David A., sold 26,166 common shares of NovaGold Resources Inc. (NG) in the open market. In a transaction dated Jun. 12, 2019, the shares were put up for sale at an average price of $4.27, raking in a sum of $111,729. After this sale, 560,456 common shares of NG are directly owned by the insider, with total stake valued at $3,116,135.

In the transaction dated Jun. 07, 2019, a great number of shares sold came courtesy the Vice President & CFO; Ottewell David A. disposed a total of 200 shares at an average price of $4.27, amounting to approximately $854. The insider now directly owns 560,456 shares worth $3,116,135.

NovaGold Resources Inc. (NG) Analyst Guide

Not many analysts have released their opinion on NovaGold Resources Inc. (NYSE:NG), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].