RFG Advisory LLC Takes Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

RFG Advisory LLC bought a new position in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,869 shares of the mining company’s stock, valued at approximately $31,000.

Several other institutional investors also recently bought and sold shares of NAK. Stifel Financial Corp raised its holdings in shares of Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after acquiring an additional 39,500 shares in the last quarter. Invenomic Capital Management LP raised its stake in Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock valued at $2,320,000 after purchasing an additional 4,145,767 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Northern Dynasty Minerals by 673.8% during the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock valued at $407,000 after purchasing an additional 1,068,704 shares in the last quarter. Cadinha & Co. LLC lifted its position in Northern Dynasty Minerals by 40.0% during the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Northern Dynasty Minerals in the 3rd quarter worth $60,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Stock Down 5.6 %

Shares of Northern Dynasty Minerals stock opened at $0.64 on Wednesday. The stock has a market capitalization of $345.15 million, a price-to-earnings ratio of -16.05 and a beta of 0.51. Northern Dynasty Minerals Ltd. has a one year low of $0.23 and a one year high of $0.78.

Wall Street Analyst Weigh In

Several brokerages recently commented on NAK. HC Wainwright upped their price target on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com assumed coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They set a “sell” rating on the stock. Finally, Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd.

Northern Dynasty Minerals Profile

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.