Walleye Capital LLC Takes Position in Northern Dynasty Minerals, Ltd. $NAK

Walleye Capital LLC acquired a new stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 100,000 shares of the mining company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock valued at $1,890,000 after purchasing an additional 2,022,304 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Northern Dynasty Minerals during the first quarter worth approximately $823,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Northern Dynasty Minerals in the first quarter valued at approximately $460,000. Two Sigma Investments LP purchased a new position in Northern Dynasty Minerals during the fourth quarter worth approximately $218,000. Finally, Tidal Investments LLC purchased a new position in Northern Dynasty Minerals during the fourth quarter worth approximately $143,000. 10.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NAK. Wall Street Zen upgraded Northern Dynasty Minerals to a “sell” rating in a report on Wednesday, May 21st. HC Wainwright boosted their target price on Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a “buy” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, Northern Dynasty Minerals presently has a consensus rating of “Strong Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals Price Performance

NYSEAMERICAN NAK opened at $0.85 on Friday. Northern Dynasty Minerals, Ltd. has a 1-year low of $0.30 and a 1-year high of $2.40. The company has a market capitalization of $466.23 million, a P/E ratio of -7.68 and a beta of -0.61. The business has a 50 day moving average price of $1.13 and a 200 day moving average price of $1.04.

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.