CenterBook Partners LP Makes New $2.44 Million Investment in Northern Dynasty Minerals Ltd $NAK

CenterBook Partners LP acquired a new stake in Northern Dynasty Minerals Ltd (NASDAQ:NAK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,036,478 shares of the company’s stock, valued at approximately $2,444,000. CenterBook Partners LP owned approximately 0.37% of Northern Dynasty Minerals at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NAK. GAM Holding AG grew its position in Northern Dynasty Minerals by 23.9% in the 3rd quarter. GAM Holding AG now owns 3,469,100 shares of the company’s stock valued at $4,163,000 after acquiring an additional 669,100 shares in the last quarter. Range Financial Group LLC lifted its position in shares of Northern Dynasty Minerals by 400.0% during the third quarter. Range Financial Group LLC now owns 50,000 shares of the company’s stock worth $60,000 after purchasing an additional 40,000 shares in the last quarter. Advance Capital Management Inc. purchased a new position in shares of Northern Dynasty Minerals in the third quarter valued at approximately $27,000. RFG Advisory LLC grew its holdings in shares of Northern Dynasty Minerals by 109.6% in the third quarter. RFG Advisory LLC now owns 202,990 shares of the company’s stock valued at $244,000 after purchasing an additional 106,121 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of Northern Dynasty Minerals by 69.4% in the third quarter. Stratos Wealth Advisors LLC now owns 136,681 shares of the company’s stock valued at $164,000 after purchasing an additional 56,000 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Stock Performance

Shares of Northern Dynasty Minerals stock opened at $1.32 on Friday. The stock’s 50-day moving average is $2.09. Northern Dynasty Minerals Ltd has a one year low of $0.55 and a one year high of $2.98. The firm has a market capitalization of $739.04 million, a P/E ratio of -11.00 and a beta of 0.08.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $2.50 target price on shares of Northern Dynasty Minerals in a report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $2.50.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is 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, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd.