Dauntless Investment Group LLC Reduces Stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK)

Key Points

• Dauntless Investment Group LLC reduced its holdings in Northern Dynasty Minerals by 53.7%, with the company now owning approximately 0.18% of Northern Dynasty Minerals, worth $1.13 million.
• BNP Paribas Financial Markets increased its stake in Northern Dynasty Minerals by 164.8% in the fourth quarter, holding 3.25 million shares valued at $1.89 million.
• HC Wainwright upgraded its price target for Northern Dynasty Minerals from $1.30 to $2.50, reflecting a positive sentiment on the stock.

Dauntless Investment Group LLC trimmed its stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 53.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 983,607 shares of the mining company's stock after selling 1,142,120 shares during the period. Northern Dynasty Minerals comprises about 1.3% of Dauntless Investment Group LLC's investment portfolio, making the stock its 6th biggest position. Dauntless Investment Group LLC owned about 0.18% of Northern Dynasty Minerals worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at about $28,000. Allium Financial Advisors LLC acquired a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at about $29,000. Allegheny Financial Group acquired a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. boosted its position in shares of Northern Dynasty Minerals by 571.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company's stock valued at $31,000 after acquiring an additional 23,042 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Northern Dynasty Minerals during the 4th quarter valued at about $44,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Northern Dynasty Minerals to a "sell" rating in a report on Wednesday, May 21st. HC Wainwright boosted 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.

Northern Dynasty Minerals Stock Down 2.9%

NAK traded down $0.02 during trading hours on Friday, hitting $0.77. 3,248,241 shares of the company's stock were exchanged, compared to its average volume of 9,679,944. Northern Dynasty Minerals, Ltd. has a 1-year low of $0.30 and a 1-year high of $2.40. The stock's 50-day moving average is $1.33 and its two-hundred day moving average is $0.97. The stock has a market cap of $414.64 million, a price-to-earnings ratio of -7.66 and a beta of -0.69.

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.