Kopernik Global Investors LLC lifted its position in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Free Report) (TSE:NDM) by 50.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 32,655,846 shares of the mining company’s stock after buying an additional 10,994,668 shares during the period. Northern Dynasty Minerals makes up about 3.2% of Kopernik Global Investors LLC’s portfolio, making the stock its 11th largest position. Kopernik Global Investors LLC owned 0.06% of Northern Dynasty Minerals worth $45,718,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Brookstone Capital Management bought a new position in Northern Dynasty Minerals during the fourth quarter worth about $26,000. Merit Financial Group LLC bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth about $26,000. Investment Planning Advisors Inc. bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth about $26,000. Kovack Advisors Inc. acquired a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth about $27,000. Finally, Webster Bank N. A. acquired a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 10.55% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a “buy” rating and set a $2.50 price objective on shares of Northern Dynasty Minerals in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Northern Dynasty Minerals currently has an average rating of “Buy” and a consensus price target of $2.50.
Northern Dynasty Minerals Stock Down 0.6%
Shares of NAK stock opened at $1.72 on Thursday. Northern Dynasty Minerals, Ltd. has a 12-month low of $0.73 and a 12-month high of $2.98. The firm has a fifty day moving average of $1.95 and a 200-day moving average of $1.86. The company has a market capitalization of $966.85 million, a price-to-earnings ratio of -19.11 and a beta of 0.67.
Northern Dynasty Minerals (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM) last posted its quarterly earnings data on Friday, May 15th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. On average, equities analysts expect that Northern Dynasty Minerals, Ltd. will post 0.01 EPS for the current year.
Northern Dynasty Minerals Profile
Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.
The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.
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