BlackRock Amends NOVAGOLD Stake, Signals Continued Passive Investment

Ticker: NG · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock still owns NOVAGOLD shares, signaling continued institutional interest.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 9, 2024, disclosing its ownership of NOVAGOLD RESOURCES INC. common stock as of December 31, 2023. This filing, an amendment number 4, indicates BlackRock's continued significant, but passive, investment in the gold and silver mining company. For investors, this means a major institutional player maintains its stake, potentially signaling confidence in NOVAGOLD's long-term prospects, even if the exact percentage of ownership isn't detailed in this snippet.

Why It Matters

This filing shows that BlackRock, a massive institutional investor, still holds a significant position in NOVAGOLD, which can be seen as a vote of confidence in the company's future by a major market player.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate new risks or opportunities.

Analyst Insight

Investors should note BlackRock's continued passive ownership as a sign of institutional stability, but this filing alone doesn't suggest any immediate buy or sell action. It's a routine update confirming an existing position.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 4)'.

Who is the reporting entity in this filing?

The reporting entity is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.

What company's securities are being reported on?

The securities of NOVAGOLD RESOURCES INC. are being reported on, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NOVAGOLD RESOURCES INC'.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.

From the Filing

0001086364-24-006945.txt : 20240209 0001086364-24-006945.hdr.sgml : 20240209 20240209170752 ACCESSION NUMBER: 0001086364-24-006945 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NOVAGOLD RESOURCES INC CENTRAL INDEX KEY: 0001173420 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80075 FILM NUMBER: 24616040 BUSINESS ADDRESS: STREET 1: 201 SOUTH MAIN STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 801-449-9328 MAIL ADDRESS: STREET 1: 201 SOUTH MAIN STREET 2: SUITE 400 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 ca66987e2069_020924.txt ca66987e2069_020924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) NOVAGOLD RESOURCES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 2206903 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. 2206903 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 19635165 (6) Shared voting power 0 (7) Sole dispositive power 20248939 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 20248939 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- NOVAGOLD RESOURCES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 201 South Main Street, Suite 400 Salt Lake City UT 84111 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office

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