Invenomic Capital Management LP Lowers Stock Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Invenomic Capital Management LP reduced its stake in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,754,834 shares of the mining company's stock after selling 1,242,895 shares during the quarter. Invenomic Capital Management LP owned about 1.07% of Northern Dynasty Minerals worth $3,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dauntless Investment Group LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter valued at $1,233,000. BNP Paribas Financial Markets lifted its stake in shares of Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock worth $1,890,000 after buying an additional 2,022,304 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Northern Dynasty Minerals by 197.6% in the fourth quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock worth $177,000 after buying an additional 202,580 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Northern Dynasty Minerals by 1,042.0% in the fourth quarter. Bank of America Corp DE now owns 138,092 shares of the mining company's stock worth $80,000 after buying an additional 126,000 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Northern Dynasty Minerals in the third quarter worth approximately $33,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Stock Performance

Shares of NAK stock opened at $1.05 on Monday. Northern Dynasty Minerals Ltd. has a fifty-two week low of $0.27 and a fifty-two week high of $1.29. The firm has a market capitalization of $564.93 million, a price-to-earnings ratio of -26.25 and a beta of 0.51. The stock's 50-day simple moving average is $0.95 and its 200-day simple moving average is $0.65.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a "buy" rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

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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