FNY Investment Advisers LLC Raises Holdings in Northern Dynasty Minerals, Ltd. $NAK

Key Points

• FNY Investment Advisers LLC increased its holdings in Northern Dynasty Minerals, Ltd. by 986.5% in Q2, acquiring a total of 217,300 shares valued at $291,000.
• Wall Street analysts have raised the price target for Northern Dynasty Minerals from $1.30 to $2.50, with a consensus rating of Strong Buy.
• The stock has demonstrated significant price fluctuation, with a 1-year low of $0.39 and a high of $2.98, currently trading around $1.86.

FNY Investment Advisers LLC grew its position in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 986.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,300 shares of the mining company's stock after buying an additional 197,300 shares during the quarter. FNY Investment Advisers LLC's holdings in Northern Dynasty Minerals were worth $291,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cerity Partners LLC purchased a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth $80,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth $823,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Northern Dynasty Minerals by 37.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company's stock worth $26,000 after buying an additional 5,000 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth $460,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth $56,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price objective on Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a "buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Northern Dynasty Minerals presently has a consensus rating of "Strong Buy" and a consensus target price of $2.50.

Northern Dynasty Minerals Price Performance

Shares of NYSEAMERICAN NAK opened at $1.86 on Thursday. The stock has a market capitalization of $1.03 billion, a P/E ratio of -16.91 and a beta of -0.60. Northern Dynasty Minerals, Ltd. has a 1-year low of $0.39 and a 1-year high of $2.98. The business has a fifty day moving average price of $1.24 and a 200 day moving average price of $1.19.

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.

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