NOVAGOLD Resources Inc. (NG) reported a third-quarter 2026 loss of $36.0 million, or $0.08 per share, for the quarter ended August 31. The development-stage company reported approximately $343.4 million in cash and term deposits at quarter-end.
NOVAGOLD said it expects to close its all-share acquisition of Paulson Advisers LLC affiliates' 40% stake in Donlin Gold by year-end, subject to approvals and customary closing conditions. The transaction would increase NOVAGOLD's ownership of Donlin Gold from 60% to 100%.
- Net third-quarter operational cash expenditures were $28.1 million, including $24.8 million for NOVAGOLD's share of Donlin Gold funding and $3.3 million in corporate general and administrative costs.
- The company increased fiscal 2026 operating expenditure guidance by $11.5 million to approximately $110.0 million.
- Donlin Gold appointed Endeavour Financial and Macquarie Capital as financial advisors for project and infrastructure financing.
- The Donlin Gold bankable feasibility study remains targeted for completion in 2027.
- NOVAGOLD shareholders are scheduled to vote on the transactions at a special meeting on November 3, 2026.
$NG Hedge Fund Activity
We have seen 130 institutional investors add shares of $NG stock to their portfolio, and 91 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 7,141,964 shares (-32.3%) from their portfolio in Q2 2026, for an estimated $42,637,525
- LINGOTTO INVESTMENT MANAGEMENT LLP removed 5,310,513 shares (-14.4%) from their portfolio in Q2 2026, for an estimated $31,703,762
- NORGES BANK added 4,522,628 shares (+inf%) to their portfolio in Q2 2026, for an estimated $27,000,089
- BLACKROCK, INC. added 4,400,353 shares (+25.3%) to their portfolio in Q2 2026, for an estimated $26,270,107
- MARSHALL WACE, LLP removed 1,797,660 shares (-61.3%) from their portfolio in Q2 2026, for an estimated $10,732,030
- CAPITAL WORLD INVESTORS removed 1,718,190 shares (-13.9%) from their portfolio in Q2 2026, for an estimated $10,257,594
- ALPS ADVISORS INC removed 1,655,464 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $9,883,120
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
