Alps Advisors Inc. Sells 150,064 Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK)

Alps Advisors Inc. trimmed its position in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 10.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,308,007 shares of the mining company's stock after selling 150,064 shares during the period. Alps Advisors Inc. owned 0.24% of Northern Dynasty Minerals worth $1,504,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP bought a new stake in shares of Northern Dynasty Minerals during the first quarter valued at approximately $28,000. Allegheny Financial Group bought a new stake in shares of Northern Dynasty Minerals during the fourth quarter valued at approximately $30,000. Squarepoint Ops LLC bought a new stake in shares of Northern Dynasty Minerals during the fourth quarter valued at approximately $44,000. Bank of America Corp DE raised its holdings in shares of Northern Dynasty Minerals by 1,042.0% during the fourth quarter. Bank of America Corp DE now owns 138,092 shares of the mining company's stock valued at $80,000 after buying an additional 126,000 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Northern Dynasty Minerals during the fourth quarter valued at approximately $82,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st. HC Wainwright lifted their price target on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a "buy" rating in a research report on Monday, July 7th.

Northern Dynasty Minerals Price Performance

Shares of NAK stock traded up $0.14 on Wednesday, hitting $2.30. The company's stock had a trading volume of 18,370,376 shares, compared to its average volume of 4,961,711. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -23.00 and a beta of -0.69. Northern Dynasty Minerals, Ltd. has a fifty-two week low of $0.30 and a fifty-two week high of $2.40. The firm's fifty day moving average price is $1.32 and its 200-day moving average price is $0.91.

Northern Dynasty Minerals 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.