Miracle Mile Advisors LLC Makes New $100,000 Investment in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Miracle Mile Advisors LLC bought a new position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 87,336 shares of the mining company’s stock, valued at approximately $100,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NAK. Dauntless Investment Group LLC purchased a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at $1,233,000. BNP Paribas Financial Markets boosted its position in Northern Dynasty Minerals by 164.8% during the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock worth $1,890,000 after acquiring an additional 2,022,304 shares during the period. Two Sigma Investments LP acquired a new stake in Northern Dynasty Minerals during the 4th quarter worth about $218,000. Tidal Investments LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter valued at about $143,000. Finally, XTX Topco Ltd increased its holdings in shares of Northern Dynasty Minerals by 197.6% in the 4th quarter. XTX Topco Ltd now owns 305,080 shares of the mining company’s stock valued at $177,000 after purchasing an additional 202,580 shares during the period. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Northern Dynasty Minerals Stock Down 4.5%

Northern Dynasty Minerals stock opened at $1.26 on Thursday. The company’s fifty day simple moving average is $1.05 and its 200-day simple moving average is $0.72. Northern Dynasty Minerals Ltd. has a 12 month low of $0.27 and a 12 month high of $1.36. The stock has a market cap of $677.92 million, a P/E ratio of -31.50 and a beta of 0.51.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Northern Dynasty Minerals to a “sell” rating in a report on Wednesday, May 21st.

Northern Dynasty Minerals Company 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.