Russell Investments Group Ltd. raised its stake in Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 7.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,375,152 shares of the mining company’s stock after buying an additional 645,796 shares during the quarter. Russell Investments Group Ltd.’s holdings in Northern Dynasty Minerals were worth $5,644,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of Northern Dynasty Minerals in the 1st quarter valued at $30,000. Nordea Investment Management AB bought a new position in shares of Northern Dynasty Minerals in the 1st quarter valued at $47,000. Advisor Group Inc. increased its stake in shares of Northern Dynasty Minerals by 45.8% in the 2nd quarter. Advisor Group Inc. now owns 89,120 shares of the mining company’s stock valued at $53,000 after purchasing an additional 28,000 shares during the last quarter. Cadinha & Co. LLC bought a new position in shares of Northern Dynasty Minerals in the 1st quarter valued at $90,000. Finally, M Holdings Securities Inc. increased its stake in shares of Northern Dynasty Minerals by 31.6% in the 1st quarter. M Holdings Securities Inc. now owns 375,000 shares of the mining company’s stock valued at $226,000 after purchasing an additional 90,000 shares during the last quarter.
NAK has been the topic of several recent analyst reports. HC Wainwright lifted their price target on Northern Dynasty Minerals from $2.50 to $3.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Zacks Investment Research upgraded Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research report on Wednesday, July 10th.
NAK stock traded up $0.02 during midday trading on Friday, reaching $0.64. 27,930 shares of the stock were exchanged, compared to its average volume of 1,830,070. Northern Dynasty Minerals Ltd has a 52 week low of $0.41 and a 52 week high of $1.12.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings data on Tuesday, August 13th. The mining company reported ($0.04) earnings per share for the quarter.
Northern Dynasty Minerals Profile
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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