1,100,500 Shares in Northern Dynasty Minerals, Ltd. $NAK Purchased by Swiss National Bank

Swiss National Bank bought a new stake in shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 1,100,500 shares of the mining company’s stock, valued at approximately $1,532,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brookstone Capital Management bought a new position in Northern Dynasty Minerals in the 4th quarter worth approximately $26,000. Merit Financial Group LLC bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $26,000. Investment Planning Advisors Inc. bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $26,000. Kovack Advisors Inc. bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $27,000. Finally, Webster Bank N. A. acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth $30,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.50 target price on shares of Northern Dynasty Minerals in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals Stock Performance

NYSEAMERICAN NAK opened at $1.40 on Friday. The firm has a 50-day simple moving average of $1.87 and a 200 day simple moving average of $1.83. Northern Dynasty Minerals, Ltd. has a twelve month low of $0.75 and a twelve month high of $2.98. The stock has a market cap of $786.97 million, a PE ratio of -15.56 and a beta of 0.67.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its earnings results on Friday, May 15th. The mining company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. Research analysts forecast that Northern Dynasty Minerals, Ltd. will post 0.01 earnings per share for the current fiscal year.

Northern Dynasty Minerals Profile

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.