Novagold Resources Inc. $NG Shares Sold by Capital World Investors

Posted by Francis Steltz on Jun 9th, 2026

Capital World Investors lowered its stake in Novagold Resources Inc. (NYSEAMERICAN:NG – Free Report) (TSE:NG) by 30.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,333,000 shares of the mining company’s stock after selling 5,333,000 shares during the period. Capital World Investors’ holdings in Novagold Resources were worth $114,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new stake in Novagold Resources in the 4th quarter valued at about $1,073,000. Cibc World Market Inc. raised its position in Novagold Resources by 35.7% in the 4th quarter. Cibc World Market Inc. now owns 133,348 shares of the mining company’s stock valued at $1,243,000 after purchasing an additional 35,090 shares in the last quarter. TD Asset Management Inc raised its position in Novagold Resources by 77.5% in the 4th quarter. TD Asset Management Inc now owns 1,607,877 shares of the mining company’s stock valued at $15,014,000 after purchasing an additional 701,902 shares in the last quarter. Greenwich Wealth Management LLC acquired a new stake in Novagold Resources in the 4th quarter valued at about $18,640,000. Finally, AXQ Capital LP acquired a new stake in Novagold Resources in the 4th quarter valued at about $361,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on NG. Scotiabank raised Novagold Resources to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research raised Novagold Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Morgan Stanley began coverage on Novagold Resources in a research report on Thursday, April 9th. They issued an “overweight” rating and a $13.80 price target on the stock. Canaccord Genuity Group initiated coverage on Novagold Resources in a research report on Friday, March 27th. They issued a “speculative buy” rating and a $13.00 price target on the stock. Finally, Royal Bank Of Canada cut their target price on Novagold Resources from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $13.26.

View Our Latest Research Report on NG

Novagold Resources Price Performance

Shares of NYSEAMERICAN NG opened at $7.22 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 88.72 and a current ratio of 88.72. Novagold Resources Inc. has a fifty-two week low of $3.61 and a fifty-two week high of $14.40. The firm has a market capitalization of $3.17 billion, a PE ratio of -27.77 and a beta of 0.77. The stock’s 50-day simple moving average is $8.71 and its 200-day simple moving average is $9.62.

About Novagold Resources

(Free Report)

Novagold Resources Inc is a mineral exploration and development company headquartered in Vancouver, British Columbia. The firm is focused on advancing large-scale precious metals projects through disciplined project management, environmental stewardship and community engagement. Novagold maintains a lean corporate structure while leveraging partnerships and industry expertise to advance its projects toward production.

The company’s flagship asset is the Donlin Gold project in Alaska, a 50/50 joint venture with Barrick Gold Corporation.