Robertson Stephens Wealth Management LLC boosted its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,546 shares of the mining company’s stock after acquiring an additional 5,546 shares during the quarter. Robertson Stephens Wealth Management LLC owned about 0.08% of NovaGold Resources worth $901,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NG. Northwest & Ethical Investments L.P. acquired a new stake in shares of NovaGold Resources in the third quarter valued at $31,000. AQR Capital Management LLC acquired a new stake in shares of NovaGold Resources in the second quarter valued at $49,000. Toronto Dominion Bank grew its stake in shares of NovaGold Resources by 67.3% in the third 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 acquired a new stake in shares of NovaGold Resources in the third quarter valued at $102,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of NovaGold Resources in the third quarter valued at $121,000. Institutional investors and hedge funds own 57.56% of the company’s stock.
NovaGold Resources Stock Up 4.1 %
NG opened at $3.33 on Friday. NovaGold Resources Inc. has a 12 month low of $2.22 and a 12 month high of $4.88. The firm has a market cap of $1.11 billion, a P/E ratio of -25.62 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.
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