Russell Investments Group Ltd. increased its position in shares of Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,375,152 shares of the mining company’s stock after purchasing an additional 645,796 shares during the period. Russell Investments Group Ltd. owned about 2.59% of Northern Dynasty Minerals worth $5,644,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NAK. Advisor Group Inc. grew its holdings in shares of Northern Dynasty Minerals by 45.8% during the second quarter. Advisor Group Inc. now owns 89,120 shares of the mining company’s stock worth $53,000 after purchasing an additional 28,000 shares during the last quarter. M Holdings Securities Inc. lifted its stake in shares of Northern Dynasty Minerals by 31.6% during the first quarter. M Holdings Securities Inc. now owns 375,000 shares of the mining company’s stock valued at $226,000 after acquiring an additional 90,000 shares during the period. Nordea Investment Management AB acquired a new position in shares of Northern Dynasty Minerals during the first quarter valued at $47,000. Marshall Wace LLP acquired a new position in shares of Northern Dynasty Minerals during the first quarter valued at $30,000. Finally, Cadinha & Co. LLC acquired a new position in shares of Northern Dynasty Minerals during the first quarter valued at $90,000.
NYSEAMERICAN:NAK traded up $0.02 during mid-day trading on Friday, hitting $0.64. The company had a trading volume of 27,930 shares, compared to its average volume of 1,830,070. Northern Dynasty Minerals Ltd has a fifty-two week low of $0.41 and a fifty-two week high of $1.12.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its earnings results on Tuesday, August 13th. The mining company reported ($0.04) earnings per share for the quarter.
Several equities analysts have recently issued reports on NAK shares. HC Wainwright upped their price target on Northern Dynasty Minerals from $2.50 to $3.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Zacks Investment Research raised Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th.
Northern Dynasty Minerals Company Profile
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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