Northern Dynasty Minerals, Ltd. $NAK Shares Purchased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC raised its position in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 476.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 80,681 shares of the mining company’s stock after acquiring an additional 66,686 shares during the period. Stratos Wealth Advisors LLC’s holdings in Northern Dynasty Minerals were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NAK. Bank of America Corp DE lifted its stake in shares of Northern Dynasty Minerals by 1,042.0% in the 4th quarter. Bank of America Corp DE now owns 138,092 shares of the mining company’s stock worth $80,000 after acquiring an additional 126,000 shares during the period. Allworth Financial LP acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth $28,000. Cerity Partners LLC acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth $80,000. SBI Securities Co. Ltd. lifted its stake in shares of Northern Dynasty Minerals by 571.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company’s stock worth $31,000 after acquiring an additional 23,042 shares during the period. Finally, Wealth Alliance LLC lifted its stake in shares of Northern Dynasty Minerals by 32.1% in the 1st quarter. Wealth Alliance LLC now owns 45,225 shares of the mining company’s stock worth $52,000 after acquiring an additional 11,000 shares during the period. Institutional investors and hedge funds own 10.55% of the company’s stock.

Northern Dynasty Minerals Price Performance

Shares of NAK opened at $2.05 on Tuesday. The company has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.18. The company has a market capitalization of $1.13 billion, a PE ratio of -18.64 and a beta of -0.60. Northern Dynasty Minerals, Ltd. has a 52-week low of $0.38 and a 52-week high of $2.98.

Analyst Ratings Changes

Separately, HC Wainwright raised their target price on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a “buy” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals 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.