Sequoia Financial Advisors LLC Sells 24,500 Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK)

Sequoia Financial Advisors LLC cut its stake in shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 25.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,500 shares of the mining company’s stock after selling 24,500 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Northern Dynasty Minerals were worth $81,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new position in Northern Dynasty Minerals in the 1st quarter worth approximately $100,000. Aletheian Wealth Advisors LLC bought a new position in Northern Dynasty Minerals during the first quarter worth about $102,000. Squarepoint Ops LLC bought a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at about $44,000. Two Sigma Advisers LP bought a new position in Northern Dynasty Minerals in the fourth quarter valued at approximately $82,000. Finally, Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals in the 4th quarter worth $218,000. 10.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 Down 1.4%

NAK opened at $1.40 on Friday. The stock has a market cap of $755.15 million, a price-to-earnings ratio of -14.00 and a beta of -0.69. Northern Dynasty Minerals, Ltd. has a 12-month low of $0.30 and a 12-month high of $1.59. The business has a 50 day moving average of $1.19 and a 200-day moving average of $0.84.

Northern Dynasty Minerals Company 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.