David A. Ottewell Sells 38,385 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) Stock

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NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 38,385 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $6.24, for a total value of $239,522.40. Following the transaction, the vice president now directly owns 662,265 shares of the company’s stock, valued at $4,132,533.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSEAMERICAN:NG opened at $6.53 on Friday. NovaGold Resources Inc. has a 12-month low of $3.41 and a 12-month high of $6.57.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last announced its earnings results on Wednesday, June 26th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02).

Several hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of NovaGold Resources by 0.9% in the 1st quarter. Toronto Dominion Bank now owns 368,791 shares of the mining company’s stock worth $1,538,000 after acquiring an additional 3,266 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of NovaGold Resources by 16.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 24,610 shares of the mining company’s stock worth $98,000 after acquiring an additional 3,500 shares in the last quarter. Shell Asset Management Co. raised its position in shares of NovaGold Resources by 28.7% in the 1st quarter. Shell Asset Management Co. now owns 23,741 shares of the mining company’s stock worth $99,000 after acquiring an additional 5,300 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of NovaGold Resources by 42.3% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 23,985 shares of the mining company’s stock worth $95,000 after acquiring an additional 7,125 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of NovaGold Resources in the 1st quarter worth about $43,000.

Separately, Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday.

NovaGold Resources Company Profile

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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.

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