Smith Anglin Financial LLC Boosts Holdings in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Smith Anglin Financial LLC boosted its position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 19.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 125,000 shares of the mining company’s stock after buying an additional 20,000 shares during the period. Smith Anglin Financial LLC’s holdings in Northern Dynasty Minerals were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth $33,000. Virtu Financial LLC purchased a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth $60,000. XTX Topco Ltd boosted its position 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 worth $34,000 after purchasing an additional 52,346 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after purchasing an additional 39,500 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its position in shares of Northern Dynasty Minerals by 145.4% during the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after purchasing an additional 4,145,767 shares in the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NAK has been the topic of several research analyst reports. HC Wainwright boosted their target price on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. StockNews.com started coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They set a “sell” rating for the company. Finally, Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd.

Northern Dynasty Minerals Price Performance

NYSEAMERICAN:NAK opened at $0.66 on Thursday. The firm has a market cap of $357.42 million, a PE ratio of -16.62 and a beta of 0.55. Northern Dynasty Minerals Ltd. has a 52-week low of $0.23 and a 52-week high of $0.75.

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.