XTX Topco Ltd Sells 204,822 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG)

XTX Topco Ltd cut its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 88.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,607 shares of the mining company’s stock after selling 204,822 shares during the period. XTX Topco Ltd’s holdings in NovaGold Resources were worth $96,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NG. Paulson & CO. Inc. boosted its holdings in shares of NovaGold Resources by 5.9% in the 4th quarter. Paulson & CO. Inc. now owns 23,541,483 shares of the mining company’s stock valued at $88,045,000 after buying an additional 1,315,183 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in NovaGold Resources by 37.0% in the first quarter. Russell Investments Group Ltd. now owns 2,119,689 shares of the mining company’s stock valued at $6,359,000 after acquiring an additional 572,273 shares in the last quarter. Vanguard Group Inc. boosted its stake in NovaGold Resources by 3.7% in the first quarter. Vanguard Group Inc. now owns 10,378,109 shares of the mining company’s stock valued at $31,134,000 after acquiring an additional 367,401 shares in the last quarter. American Century Companies Inc. purchased a new position in NovaGold Resources in the second quarter worth $2,029,000. Finally, First Eagle Investment Management LLC increased its position in shares of NovaGold Resources by 16.5% during the second quarter. First Eagle Investment Management LLC now owns 21,485,443 shares of the mining company’s stock worth $74,340,000 after purchasing an additional 3,042,480 shares in the last quarter. 57.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NG shares. National Bank Financial lowered shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com cut shares of NovaGold Resources from a “hold” rating to a “sell” rating in a report on Sunday, July 28th.

NovaGold Resources Price Performance

Shares of NYSEAMERICAN:NG opened at $4.16 on Wednesday. NovaGold Resources Inc. has a 52-week low of $2.22 and a 52-week high of $4.88. The stock has a market capitalization of $1.39 billion, a PE ratio of -31.96 and a beta of 1.05.

NovaGold Resources Profile

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.