Cerity Partners LLC Takes $80,000 Position in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK)

Cerity Partners LLC acquired a new stake in shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 70,000 shares of the mining company’s stock, valued at approximately $80,000.

Several other hedge funds have also recently made changes to their positions in NAK. Wells Fargo & Company MN raised its holdings in shares of Northern Dynasty Minerals by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company’s stock valued at $592,000 after purchasing an additional 78,554 shares during the last quarter. XTX Topco Ltd grew its position in Northern Dynasty Minerals by 197.6% during the fourth quarter. XTX Topco Ltd now owns 305,080 shares of the mining company’s stock valued at $177,000 after buying an additional 202,580 shares during the period. Dauntless Investment Group LLC bought a new stake in Northern Dynasty Minerals during the fourth quarter valued at approximately $1,233,000. Allegheny Financial Group bought a new stake in Northern Dynasty Minerals during the fourth quarter valued at approximately $30,000. Finally, BNP Paribas Financial Markets grew its position in Northern Dynasty Minerals by 164.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock valued at $1,890,000 after buying an additional 2,022,304 shares during the period. 10.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NAK has been the subject of several recent research reports. Wall Street Zen upgraded shares of Northern Dynasty Minerals to a “sell” rating in a research report on Wednesday, May 21st. HC Wainwright upped their price target on shares of 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 Down 11.9%

Northern Dynasty Minerals stock opened at $0.74 on Wednesday. Northern Dynasty Minerals, Ltd. has a 52-week low of $0.30 and a 52-week high of $2.40. The company has a market cap of $400.56 million, a price-to-earnings ratio of -7.40 and a beta of -0.69. The firm’s fifty day moving average is $1.34 and its 200 day moving average is $0.96.

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.