Commonwealth Equity Services LLC Trims Stock Holdings in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Commonwealth Equity Services LLC lowered its stake in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 292,727 shares of the mining company’s stock after selling 16,002 shares during the period. Commonwealth Equity Services LLC’s holdings in Northern Dynasty Minerals were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NAK. BNP Paribas Financial Markets increased its stake in Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock valued at $407,000 after purchasing an additional 1,068,704 shares during the last quarter. Stifel Financial Corp grew its holdings in Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after buying an additional 39,500 shares during the period. XTX Topco Ltd increased its stake in shares of Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after acquiring an additional 52,346 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth about $60,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Dynasty Minerals in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd. StockNews.com started coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They set a “sell” rating for the company. Finally, HC Wainwright restated a “buy” rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN NAK opened at $0.92 on Friday. The firm has a market cap of $495.63 million, a price-to-earnings ratio of -23.03 and a beta of 0.51. Northern Dynasty Minerals Ltd. has a 1 year low of $0.27 and a 1 year high of $1.29. The stock’s 50-day simple moving average is $0.79 and its 200-day simple moving average is $0.58.

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.