Two Sigma Investments LP Takes Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Two Sigma Investments LP acquired a new stake in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 374,191 shares of the mining company's stock, valued at approximately $218,000. Two Sigma Investments LP owned approximately 0.07% of Northern Dynasty Minerals as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth about $143,000. Bank of America Corp DE lifted its stake in shares of Northern Dynasty Minerals by 1,042.0% in the 4th quarter. Bank of America Corp DE now owns 138,092 shares of the mining company's stock valued at $80,000 after purchasing an additional 126,000 shares during the last quarter. BNP Paribas Financial Markets increased its holdings 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 valued at $1,890,000 after purchasing an additional 2,022,304 shares during the last quarter. Allegheny Financial Group acquired a new position in shares of Northern Dynasty Minerals in the fourth quarter worth $30,000. Finally, Dauntless Investment Group LLC acquired a new stake in Northern Dynasty Minerals in the fourth quarter valued at approximately $1,233,000. Hedge funds and other institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Trading Down 2.4%

NAK stock traded down $0.03 during trading on Thursday, reaching $1.23. The stock had a trading volume of 6,598,155 shares, compared to its average volume of 3,840,652. The firm has a fifty day moving average price of $1.05 and a 200 day moving average price of $0.72. The company has a market capitalization of $661.78 million, a P/E ratio of -30.75 and a beta of 0.51. Northern Dynasty Minerals Ltd. has a 1-year low of $0.27 and a 1-year high of $1.36.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Northern Dynasty Minerals to a "sell" rating in a report on Wednesday, May 21st.

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.