BNP Paribas Financial Markets Purchases 1,068,704 Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

BNP Paribas Financial Markets boosted its position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 673.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,227,304 shares of the mining company’s stock after purchasing an additional 1,068,704 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.23% of Northern Dynasty Minerals worth $407,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NAK. Herr Investment Group LLC increased its holdings in shares of Northern Dynasty Minerals by 10.7% during the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after acquiring an additional 999,891 shares in the last quarter. Cadinha & Co. LLC increased its holdings in shares of Northern Dynasty Minerals by 40.0% during the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after acquiring an additional 400,000 shares in the last quarter. GAM Holding AG increased its holdings in shares of Northern Dynasty Minerals by 56.3% during the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after acquiring an additional 180,000 shares in the last quarter. Finally, Smith Anglin Financial LLC increased its holdings in shares of Northern Dynasty Minerals by 61.5% during the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after acquiring an additional 40,000 shares in the last quarter. Institutional investors own 10.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NAK shares. StockNews.com started coverage on Northern Dynasty Minerals in a report on Friday. They issued a “sell” rating for the company. HC Wainwright lifted their price objective on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Northern Dynasty Minerals Stock Down 3.4 %

NYSEAMERICAN NAK opened at $0.50 on Friday. Northern Dynasty Minerals Ltd. has a one year low of $0.23 and a one year high of $0.58. The stock has a market capitalization of $269.40 million, a P/E ratio of -12.53 and a beta of 0.55.

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.