Fore Research Management Lp Exits Position in NovaGold Resources (USA) (NG)

NovaGold Resources (USA) (NG) : Fore Research Management Lp has sold out all of its stake in NovaGold Resources (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 900,000 shares of NovaGold Resources (USA) which is valued at $5,922,000.

Other Hedge Funds, Including , Clearbridge Investments boosted its stake in NG in the latest quarter, The investment management firm added 1,217,100 additional shares and now holds a total of 2,647,772 shares of NovaGold Resources (USA) which is valued at $17,422,340. NovaGold Resources (USA) makes up approx 0.02% of Clearbridge Investments’s portfolio.Norges Bank boosted its stake in NG in the latest quarter, The investment management firm added 139,586 additional shares and now holds a total of 3,458,979 shares of NovaGold Resources (USA) which is valued at $22,760,082. NovaGold Resources (USA) makes up approx 0.01% of Norges Bank’s portfolio.Brown Advisory Inc boosted its stake in NG in the latest quarter, The investment management firm added 2,813 additional shares and now holds a total of 120,263 shares of NovaGold Resources (USA) which is valued at $817,788.Global X Management Co boosted its stake in NG in the latest quarter, The investment management firm added 97,898 additional shares and now holds a total of 560,029 shares of NovaGold Resources (USA) which is valued at $3,740,994. NovaGold Resources (USA) makes up approx 0.18% of Global X Management Co’s portfolio.National Planning Corp reduced its stake in NG by selling 2,199 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 150,997 shares of NG which is valued at $1,026,780. NovaGold Resources (USA) makes up approx 0.08% of National Planning Corp’s portfolio.

NovaGold Resources (USA) opened for trading at $5.1 and hit $5.44 on the upside on Thursday, eventually ending the session at $5.44, with a gain of 5.63% or 0.29 points. The heightened volatility saw the trading volume jump to 22,34,754 shares. Company has a market cap of $1,740 M.

NOVAGOLD RESOURCES INC. (NOVAGOLD) is engaged in the exploration and development of mineral properties. The Company operates in the mining industry focused on the exploration for and development of gold and copper mineral properties. The Company’s principal assets include a 50% interest in the Donlin Gold project in Alaska the United States and a 50% interest in the Galore Creek project in British Columbia Canada. The Company’s primary focus is on the Donlin Gold project. The Donlin Gold project is owned and operated by Donlin Gold LLC a limited liability company that is owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The Galore Creek project is owned by the Galore Creek Partnership a partnership in which NOVAGOLD Canada Inc a wholly owned subsidiary of NOVAGOLD owns approximately 50% interest. The Company has no operations or realized revenues from its planned principal business purpose.

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