BNP Paribas Financial Markets Purchases 2,022,304 Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

BNP Paribas Financial Markets lifted its holdings in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 164.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,249,608 shares of the mining company's stock after purchasing an additional 2,022,304 shares during the period. BNP Paribas Financial Markets owned 0.60% of Northern Dynasty Minerals worth $1,890,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Game Plan Financial Advisors LLC raised its holdings in Northern Dynasty Minerals by 29.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock worth $45,000 after purchasing an additional 18,000 shares during the last quarter. Allegheny Financial Group acquired a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth $30,000. RFG Advisory LLC bought a new position in Northern Dynasty Minerals during the fourth quarter worth $31,000. Wells Fargo & Company MN raised its stake in Northern Dynasty Minerals by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock worth $592,000 after buying an additional 78,554 shares during the last quarter. Finally, XTX Topco Ltd lifted its holdings in Northern Dynasty Minerals by 197.6% in the fourth quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock valued at $177,000 after buying an additional 202,580 shares during the period. Institutional investors own 10.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NAK. HC Wainwright reiterated a "buy" rating and issued a $1.30 target price on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Wall Street Zen upgraded shares of Northern Dynasty Minerals to a "sell" rating in a research note on Wednesday.

Northern Dynasty Minerals Price Performance

Shares of NAK stock traded up $0.01 on Thursday, hitting $1.01. The stock had a trading volume of 1,325,350 shares, compared to its average volume of 3,383,927. The business has a 50 day moving average of $1.00 and a 200 day moving average of $0.67. Northern Dynasty Minerals Ltd. has a 12-month low of $0.27 and a 12-month high of $1.29. The stock has a market cap of $540.72 million, a price-to-earnings ratio of -25.13 and a beta of 0.51.

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.