GAM Holding AG Acquires 669,100 Shares of Northern Dynasty Minerals Ltd $NAK

Key Points

• GAM Holding AG boosted its stake in Northern Dynasty Minerals by 23.9% in Q3, buying 669,100 shares to hold 3,469,100 shares (about 0.63% of the company) worth roughly $4.16 million per its SEC filing.
• NAK trades near $1.95 (50‑day SMA $1.93) with a 52‑week range of $0.55–$2.98, a market cap of about $1.08 billion, a negative P/E, and approximately 10.55% institutional ownership.
• HC Wainwright reiterated a Buy rating and set a $2.50 price target, which matches the current consensus rating and target for the stock.

GAM Holding AG lifted its stake in Northern Dynasty Minerals Ltd (NASDAQ:NAK - Free Report) by 23.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,469,100 shares of the company's stock after buying an additional 669,100 shares during the period. GAM Holding AG owned approximately 0.63% of Northern Dynasty Minerals worth $4,163,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NAK. Advance Capital Management Inc. bought a new stake in Northern Dynasty Minerals during the 3rd quarter valued at $27,000. Range Financial Group LLC boosted its holdings in shares of Northern Dynasty Minerals by 400.0% during the third quarter. Range Financial Group LLC now owns 50,000 shares of the company's stock worth $60,000 after purchasing an additional 40,000 shares during the period. Brookwood Investment Group LLC bought a new stake in shares of Northern Dynasty Minerals in the third quarter worth about $63,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of Northern Dynasty Minerals during the third quarter valued at approximately $228,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Stock Down 1.0%

Shares of NASDAQ NAK opened at $1.95 on Friday. The firm's 50 day simple moving average is $1.93. Northern Dynasty Minerals Ltd has a fifty-two week low of $0.55 and a fifty-two week high of $2.98. The company has a market capitalization of $1.08 billion, a P/E ratio of -16.25 and a beta of -0.11.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a "buy" rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Northern Dynasty Minerals presently has a consensus rating of "Buy" and a consensus target price of $2.50.

Northern Dynasty Minerals Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is 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, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd.

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