Connor Clark & Lunn Investment Management Ltd. Acquires 735,300 Shares of Northern Dynasty Minerals, Ltd. $NAK

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 100.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,466,300 shares of the mining company’s stock after acquiring an additional 735,300 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.27% of Northern Dynasty Minerals worth $1,983,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NAK. Pekin Hardy Strauss Inc. purchased a new position in shares of Northern Dynasty Minerals in the 2nd quarter worth approximately $54,000. GAM Holding AG purchased a new position in Northern Dynasty Minerals during the second quarter worth $3,752,000. FNY Investment Advisers LLC boosted its stake in Northern Dynasty Minerals by 986.5% during the second quarter. FNY Investment Advisers LLC now owns 217,300 shares of the mining company’s stock worth $291,000 after buying an additional 197,300 shares during the period. Stratos Wealth Advisors LLC increased its position in Northern Dynasty Minerals by 476.5% during the second quarter. Stratos Wealth Advisors LLC now owns 80,681 shares of the mining company’s stock valued at $108,000 after acquiring an additional 66,686 shares during the last quarter. Finally, Kiker Wealth Management LLC raised its stake in shares of Northern Dynasty Minerals by 38.8% in the second quarter. Kiker Wealth Management LLC now owns 144,429 shares of the mining company’s stock valued at $194,000 after acquiring an additional 40,377 shares during the period. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Trading Down 1.7%

Northern Dynasty Minerals stock opened at $1.70 on Monday. The firm has a market capitalization of $938.06 million, a PE ratio of -15.45 and a beta of -0.60. Northern Dynasty Minerals, Ltd. has a 12-month low of $0.44 and a 12-month high of $2.98. The firm has a 50-day moving average price of $1.58 and a 200-day moving average price of $1.30.

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.