Bornite Capital Management LP Buys Shares of 5,385,000 Northern Dynasty Minerals, Ltd. $NAK

Bornite Capital Management LP bought a new stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,385,000 shares of the mining company’s stock, valued at approximately $10,608,000. Northern Dynasty Minerals makes up about 1.0% of Bornite Capital Management LP’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds have also added to or reduced their stakes in NAK. Bank of America Corp DE raised its stake in Northern Dynasty Minerals by 1,042.0% during the 4th quarter. Bank of America Corp DE now owns 138,092 shares of the mining company’s stock worth $80,000 after buying an additional 126,000 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Northern Dynasty Minerals during the 1st quarter worth $25,000. Cetera Investment Advisers raised its stake in Northern Dynasty Minerals by 65.0% during the 2nd quarter. Cetera Investment Advisers now owns 46,505 shares of the mining company’s stock worth $62,000 after buying an additional 18,315 shares during the period. American Century Companies Inc. acquired a new stake in Northern Dynasty Minerals during the 2nd quarter worth $68,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Northern Dynasty Minerals during the 2nd quarter worth $17,117,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

Northern Dynasty Minerals Trading Up 4.6%

Shares of Northern Dynasty Minerals stock opened at $2.04 on Friday. The company has a market capitalization of $1.14 billion, a PE ratio of -22.67 and a beta of 0.61. Northern Dynasty Minerals, Ltd. has a 12 month low of $0.73 and a 12 month high of $2.98. The stock’s fifty day simple moving average is $2.01 and its 200 day simple moving average is $1.89.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.