Alps Advisors Inc. Reduces Stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK)

Alps Advisors Inc. lowered its holdings in shares of 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 firm 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dauntless Investment Group LLC bought a new position in shares of Northern Dynasty Minerals during the fourth quarter worth approximately $1,233,000. BNP Paribas Financial Markets boosted its position in Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock valued at $1,890,000 after buying an additional 2,022,304 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Northern Dynasty Minerals in the fourth quarter valued at approximately $218,000. Tidal Investments LLC acquired a new position in shares of Northern Dynasty Minerals during the fourth quarter worth $143,000. Finally, XTX Topco Ltd lifted its holdings in shares of Northern Dynasty Minerals by 197.6% during the fourth quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock worth $177,000 after purchasing an additional 202,580 shares during the period. Institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Price Performance

Shares of NYSEAMERICAN:NAK traded down $0.02 during midday trading on Friday, hitting $2.16. 16,619,204 shares of the company's stock were exchanged, compared to its average volume of 4,841,796. Northern Dynasty Minerals, Ltd. has a 12 month low of $0.30 and a 12 month high of $2.40. The company has a market cap of $1.17 billion, a PE ratio of -21.60 and a beta of -0.69. The stock has a 50 day moving average price of $1.27 and a 200-day moving average price of $0.89.

Analyst Ratings Changes

NAK has been the subject of a number of analyst reports. HC Wainwright lifted their target price on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a "buy" rating in a research note on Monday, July 7th. Wall Street Zen raised shares of Northern Dynasty Minerals to a "sell" rating in a research note on Wednesday, May 21st.

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.