BNP Paribas Financial Markets Raises Stock Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

BNP Paribas Financial Markets increased its stake in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 164.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,249,608 shares of the mining company’s stock after acquiring an additional 2,022,304 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.60% of Northern Dynasty Minerals worth $1,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in Northern Dynasty Minerals by 8.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company’s stock worth $592,000 after purchasing an additional 78,554 shares during the last quarter. Dauntless Investment Group LLC acquired a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at about $1,233,000. XTX Topco Ltd boosted its position in shares of Northern Dynasty Minerals by 197.6% during the 4th quarter. XTX Topco Ltd now owns 305,080 shares of the mining company’s stock valued at $177,000 after acquiring an additional 202,580 shares during the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of Northern Dynasty Minerals by 29.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock valued at $45,000 after acquiring an additional 18,000 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Trading Up 0.5%

Shares of NAK stock opened at $0.93 on Friday. The company’s 50-day moving average price is $0.99 and its 200-day moving average price is $0.67. The stock has a market cap of $500.74 million, a price-to-earnings ratio of -23.27 and a beta of 0.51. Northern Dynasty Minerals Ltd. has a twelve month low of $0.27 and a twelve month high of $1.29.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $1.30 price target on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

About Northern Dynasty Minerals

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.