Kiker Wealth Management LLC Buys 40,377 Shares of Northern Dynasty Minerals, Ltd. $NAK

Kiker Wealth Management LLC increased its stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 38.8% during the second quarter, HoldingsChannel reports. The firm owned 144,429 shares of the mining company’s stock after acquiring an additional 40,377 shares during the period. Kiker Wealth Management LLC’s holdings in Northern Dynasty Minerals were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of NAK. Cubist Systematic Strategies LLC bought a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Northern Dynasty Minerals by 37.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock worth $26,000 after purchasing an additional 5,000 shares during the period. Allworth Financial LP bought a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth approximately $28,000. Allium Financial Advisors LLC bought a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth approximately $29,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Northern Dynasty Minerals by 571.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company’s stock worth $31,000 after purchasing an additional 23,042 shares during the period. Institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Price Performance

Shares of NAK stock opened at $2.66 on Tuesday. The company’s fifty day simple moving average is $1.05 and its two-hundred day simple moving average is $1.14. Northern Dynasty Minerals, Ltd. has a 1 year low of $0.35 and a 1 year high of $2.77. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -24.18 and a beta of -0.60.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lifted their price target on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a “buy” rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of $2.50.

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.