Allworth Financial LP Invests $28,000 in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK)

Allworth Financial LP purchased a new position in shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,500 shares of the mining company’s stock, valued at approximately $28,000.

Other large investors also recently modified their holdings of the company. Allegheny Financial Group bought a new stake in Northern Dynasty Minerals in the fourth quarter valued at $30,000. Squarepoint Ops LLC bought a new stake in Northern Dynasty Minerals in the fourth quarter valued at $44,000. Miracle Mile Advisors LLC bought a new stake in Northern Dynasty Minerals in the first quarter valued at $100,000. Aletheian Wealth Advisors LLC bought a new stake in Northern Dynasty Minerals in the first quarter valued at $102,000. Finally, Bank of America Corp DE grew its position in Northern Dynasty Minerals by 1,042.0% in the fourth quarter. Bank of America Corp DE now owns 138,092 shares of the mining company’s stock valued at $80,000 after acquiring an additional 126,000 shares during the period. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NAK. Wall Street Zen raised Northern Dynasty Minerals to a “sell” rating in a research note on Wednesday, May 21st. HC Wainwright raised their price target on Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a “buy” rating in a research report on Monday, July 7th.

Northern Dynasty Minerals Stock Performance

Northern Dynasty Minerals stock opened at $1.04 on Friday. Northern Dynasty Minerals, Ltd. has a 52 week low of $0.30 and a 52 week high of $2.40. The stock has a market capitalization of $560.97 million, a P/E ratio of -10.40 and a beta of -0.69. The stock has a fifty day moving average of $1.35 and a 200-day moving average of $0.94.

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.