Dauntless Investment Group LLC Purchases New Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Dauntless Investment Group LLC bought a new stake in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,125,727 shares of the mining company's stock, valued at approximately $1,233,000. Northern Dynasty Minerals accounts for about 1.3% of Dauntless Investment Group LLC's portfolio, making the stock its 5th biggest position. Dauntless Investment Group LLC owned about 0.40% of Northern Dynasty Minerals at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp lifted its position in shares of Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock worth $31,000 after purchasing an additional 39,500 shares during the last quarter. Virtu Financial LLC bought a new stake in Northern Dynasty Minerals during the 3rd quarter valued at about $60,000. Game Plan Financial Advisors LLC boosted its position in Northern Dynasty Minerals by 29.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock valued at $45,000 after buying an additional 18,000 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Northern Dynasty Minerals during the third quarter worth approximately $33,000. Finally, RFG Advisory LLC purchased a new position in shares of Northern Dynasty Minerals during the fourth quarter worth approximately $31,000. Institutional investors own 10.55% of the company's stock.

Analysts Set New Price Targets

NAK has been the topic of a number of recent research reports. Canaccord Genuity Group raised Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd. HC Wainwright restated a "buy" rating and set a $1.30 target price on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.

Northern Dynasty Minerals Stock Performance

NAK stock traded up $0.04 during midday trading on Tuesday, reaching $1.19. The stock had a trading volume of 4,447,162 shares, compared to its average volume of 3,153,084. The firm has a fifty day simple moving average of $0.88 and a two-hundred day simple moving average of $0.62. The stock has a market cap of $637.57 million, a PE ratio of -29.60 and a beta of 0.51. Northern Dynasty Minerals Ltd. has a 52-week low of $0.27 and a 52-week high of $1.29.

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.