Integrated Advisors Network LLC increased its position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK – Free Report) (TSE:NDM) by 73.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 130,000 shares of the mining company’s stock after purchasing an additional 55,000 shares during the period. Integrated Advisors Network LLC’s holdings in Northern Dynasty Minerals were worth $42,000 at the end of the most recent quarter.
Separately, Invenomic Capital Management LP purchased a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at about $947,000. Institutional investors and hedge funds own 10.55% of the company’s stock.
Northern Dynasty Minerals Price Performance
NAK opened at $0.27 on Thursday. The company has a market cap of $147.12 million, a price-to-earnings ratio of -6.84 and a beta of 0.71. Northern Dynasty Minerals Ltd. has a 52 week low of $0.22 and a 52 week high of $0.43.
Wall Street Analyst Weigh In
Separately, HC Wainwright reduced their target price on Northern Dynasty Minerals from $0.90 to $0.80 and set a “buy” rating for the company in a report on Tuesday, March 19th.
Read Our Latest Report on Northern Dynasty Minerals
Northern Dynasty Minerals Company Profile
Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.
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