NovaGold Resources Inc. (NG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,495,000 shares of the mining company’s stock after selling 200,000 shares during the period. Teacher Retirement System of Texas’ holdings in NovaGold Resources were worth $7,281,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in NovaGold Resources during the fourth quarter worth approximately $3,748,000. Highbridge Capital Management LLC acquired a new position in shares of NovaGold Resources during the fourth quarter worth about $119,000. Empyrean Capital Partners LP raised its position in shares of NovaGold Resources by 13.0% in the fourth quarter. Empyrean Capital Partners LP now owns 2,619,564 shares of the mining company’s stock worth $11,945,000 after buying an additional 301,941 shares during the period. Legacy Capital Partners Inc. raised its position in shares of NovaGold Resources by 19.9% in the first quarter. Legacy Capital Partners Inc. now owns 31,300 shares of the mining company’s stock worth $153,000 after buying an additional 5,200 shares during the period. Finally, Bank of Montreal Can raised its position in shares of NovaGold Resources by 5.2% in the first quarter. Bank of Montreal Can now owns 449,485 shares of the mining company’s stock worth $2,189,000 after buying an additional 22,026 shares during the period.

Institutional Ownership by Quarter for NovaGold Resources (NYSEMKT:NG)

Shares of NovaGold Resources Inc. (NYSEMKT:NG) traded up 1.75% during mid-day trading on Tuesday, hitting $4.08. 616,589 shares of the stock traded hands. The firm’s 50-day moving average is $4.10 and its 200-day moving average is $4.73. The stock’s market cap is $1.31 billion. NovaGold Resources Inc. has a 52 week low of $3.78 and a 52 week high of $7.29.

NovaGold Resources (NYSEMKT:NG) (TSE:NG) last issued its earnings results on Monday, April 3rd. The mining company reported ($0.03) earnings per share for the quarter. On average, analysts forecast that NovaGold Resources Inc. will post ($0.05) earnings per share for the current year.

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NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

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