Squarepoint Ops LLC Makes New Investment in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Squarepoint Ops LLC bought a new position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76,468 shares of the mining company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allegheny Financial Group bought a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at $30,000. Game Plan Financial Advisors LLC raised its holdings 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 purchasing an additional 18,000 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Northern Dynasty Minerals by 1,042.0% during the 4th quarter. Bank of America Corp DE now owns 138,092 shares of the mining company’s stock valued at $80,000 after purchasing an additional 126,000 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at $82,000. Finally, Tidal Investments LLC bought a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at $143,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Northern Dynasty Minerals to a “sell” rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Up 3.1%

NYSEAMERICAN NAK opened at $1.32 on Wednesday. The stock has a market cap of $710.20 million, a P/E ratio of -33.00 and a beta of 0.51. The company’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $0.72. Northern Dynasty Minerals Ltd. has a twelve month low of $0.27 and a twelve month high of $1.35.

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.