Nations Financial Group Inc. IA ADV Takes Position in Northern Dynasty Minerals, Ltd. $NAK

Key Points

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Nations Financial Group Inc. IA ADV bought a new position in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 400,000 shares of the mining company's stock, valued at approximately $460,000. Nations Financial Group Inc. IA ADV owned 0.07% of Northern Dynasty Minerals as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in NAK. Dauntless Investment Group LLC purchased a new position in Northern Dynasty Minerals in the 4th quarter worth $1,233,000. BNP Paribas Financial Markets raised its position in Northern Dynasty Minerals by 164.8% in the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock worth $1,890,000 after purchasing an additional 2,022,304 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Northern Dynasty Minerals in the first quarter valued at about $823,000. Two Sigma Investments LP purchased a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at about $218,000. Finally, Tidal Investments LLC purchased a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at about $143,000. Hedge funds and other institutional investors own 10.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NAK. Wall Street Zen upgraded shares of Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st. HC Wainwright boosted their price objective on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the company a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, Northern Dynasty Minerals presently has an average rating of "Strong Buy" and a consensus target price of $2.50.

Northern Dynasty Minerals Stock Up 3.3%

Shares of NAK traded up $0.0276 during trading hours on Thursday, reaching $0.8729. 4,311,715 shares of the company traded hands, compared to its average volume of 9,321,320. The company's fifty day moving average price is $1.25 and its two-hundred day moving average price is $1.01. The company has a market capitalization of $481.62 million, a price-to-earnings ratio of -7.94 and a beta of -0.77. Northern Dynasty Minerals, Ltd. has a 12 month low of $0.30 and a 12 month high of $2.40.

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.