American International Group Inc. Has $1.69 Million Holdings in NovaGold Resources Inc. (NYSEAMERICAN:NG)

American International Group Inc. lessened its holdings in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,127 shares of the mining company’s stock after selling 3,232 shares during the quarter. American International Group Inc.’s holdings in NovaGold Resources were worth $1,690,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in NovaGold Resources by 162.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 69,567 shares of the mining company’s stock worth $827,000 after buying an additional 43,084 shares during the period. Profund Advisors LLC raised its stake in shares of NovaGold Resources by 11.4% in the 2nd quarter. Profund Advisors LLC now owns 30,753 shares of the mining company’s stock valued at $282,000 after purchasing an additional 3,136 shares during the period. California State Teachers Retirement System raised its stake in shares of NovaGold Resources by 1.8% in the 2nd quarter. California State Teachers Retirement System now owns 358,244 shares of the mining company’s stock valued at $3,289,000 after purchasing an additional 6,439 shares during the period. Bank of Montreal Can raised its stake in shares of NovaGold Resources by 11.9% in the 2nd quarter. Bank of Montreal Can now owns 1,536,484 shares of the mining company’s stock valued at $13,291,000 after purchasing an additional 162,970 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of NovaGold Resources by 80.6% in the 2nd quarter. Principal Financial Group Inc. now owns 38,430 shares of the mining company’s stock valued at $353,000 after purchasing an additional 17,153 shares during the period.

Separately, Zacks Investment Research downgraded NovaGold Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th.

Shares of NYSEAMERICAN:NG opened at $10.55 on Friday. NovaGold Resources Inc. has a 12-month low of $4.65 and a 12-month high of $12.85.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings data on Wednesday, September 30th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02).

In other news, Director Kalidas V. Madhavpeddi sold 69,938 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $10.45, for a total transaction of $730,852.10. Following the completion of the transaction, the director now directly owns 229,761 shares in the company, valued at $2,401,002.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory A. Lang sold 89,894 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $10.65, for a total transaction of $957,371.10. Following the transaction, the chief executive officer now owns 148,500 shares of the company’s stock, valued at $1,581,525. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 597,675 shares of company stock valued at $6,516,086.

NovaGold Resources Company Profile

NovaGold Resources Inc primarily explores for and develops gold mineral properties in the United States. Its principal asset is the 50% interest owned Donlin Gold project consisting of 493 mining claims covering an area of 71,420 acres 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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Institutional Ownership by Quarter for NovaGold Resources (NYSEAMERICAN:NG)