Tumwater Wealth Management LLC Invests $49,000 in Northern Dynasty Minerals, Ltd. $NAK

Tumwater Wealth Management LLC 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. The institutional investor purchased 42,500 shares of the mining company’s stock, valued at approximately $49,000.

A number of other hedge funds have also modified their holdings of NAK. Allworth Financial LP purchased a new position in shares of Northern Dynasty Minerals during the 1st quarter worth $28,000. Allium Financial Advisors LLC purchased a new position in shares of Northern Dynasty Minerals during the 1st quarter worth $29,000. Allegheny Financial Group purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter worth $30,000. SBI Securities Co. Ltd. grew its holdings in shares of Northern Dynasty Minerals by 571.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company’s stock worth $31,000 after purchasing an additional 23,042 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter worth $44,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Price Performance

Shares of Northern Dynasty Minerals stock opened at $0.90 on Friday. The stock has a market capitalization of $496.58 million, a price-to-earnings ratio of -8.18 and a beta of -0.77. The business has a 50-day moving average of $1.19 and a 200 day moving average of $1.03. Northern Dynasty Minerals, Ltd. has a 12 month low of $0.30 and a 12 month high of $2.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NAK shares. Wall Street Zen upgraded Northern Dynasty Minerals to a “sell” rating in a report on Wednesday, May 21st. HC Wainwright raised their target price on Northern Dynasty Minerals from $1.30 to $2.50 and gave the company a “buy” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $2.50.

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.