Jump Financial LLC Invests $67,000 in NovaGold Resources Inc. (NYSEAMERICAN:NG)

Jump Financial LLC purchased a new position in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,060 shares of the mining company’s stock, valued at approximately $67,000.

A number of other hedge funds have also modified their holdings of the business. XTX Topco Ltd increased its stake in NovaGold Resources by 47.2% during the 4th quarter. XTX Topco Ltd now owns 61,848 shares of the mining company’s stock worth $206,000 after buying an additional 19,844 shares during the period. Barclays PLC increased its stake in NovaGold Resources by 4.9% during the 4th quarter. Barclays PLC now owns 962,552 shares of the mining company’s stock worth $3,206,000 after buying an additional 44,717 shares during the period. Kopernik Global Investors LLC increased its stake in NovaGold Resources by 23.1% during the 4th quarter. Kopernik Global Investors LLC now owns 17,006,844 shares of the mining company’s stock worth $56,633,000 after buying an additional 3,187,981 shares during the period. Sterling Capital Management LLC increased its stake in NovaGold Resources by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 7,813 shares of the mining company’s stock worth $26,000 after buying an additional 6,959 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in NovaGold Resources during the 4th quarter worth approximately $1,952,000. 57.56% of the stock is currently owned by hedge funds and other institutional investors.

NovaGold Resources Trading Down 2.0 %

Shares of NYSEAMERICAN:NG opened at $4.35 on Tuesday. NovaGold Resources Inc. has a 52 week low of $2.26 and a 52 week high of $5.06. The company’s 50 day moving average is $3.17 and its two-hundred day moving average is $3.42. The company has a market cap of $1.46 billion, a PE ratio of -33.46 and a beta of 1.05.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of NovaGold Resources to a “hold” rating in a research note on Friday, March 21st.

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.