Stifel Financial Corp Purchases 39,500 Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Stifel Financial Corp grew its position in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 71.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,500 shares of the mining company’s stock after acquiring an additional 39,500 shares during the quarter. Stifel Financial Corp’s holdings in Northern Dynasty Minerals were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smith Anglin Financial LLC boosted its stake in Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after purchasing an additional 40,000 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock valued at $407,000 after purchasing an additional 1,068,704 shares in the last quarter. Cadinha & Co. LLC boosted its position 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 buying an additional 400,000 shares during the last quarter. Invenomic Capital Management LP grew its holdings in Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after buying an additional 4,145,767 shares in the last quarter. Finally, Herr Investment Group LLC raised its position in Northern Dynasty Minerals by 10.7% in the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after buying an additional 999,891 shares during the last quarter. Institutional investors own 10.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com started coverage on shares of Northern Dynasty Minerals in a report on Friday. They set a “sell” rating on the stock. HC Wainwright boosted their price target on shares of 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 Performance

NYSEAMERICAN NAK opened at $0.57 on Tuesday. The company has a market capitalization of $306.50 million, a PE ratio of -14.25 and a beta of 0.55. Northern Dynasty Minerals Ltd. has a 12-month low of $0.23 and a 12-month high of $0.58.

About Northern Dynasty Minerals

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.