Smith Anglin Financial LLC Boosts Holdings in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Smith Anglin Financial LLC grew its holdings in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,000 shares of the mining company’s stock after purchasing an additional 20,000 shares during the quarter. Smith Anglin Financial LLC’s holdings in Northern Dynasty Minerals were worth $73,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Invenomic Capital Management LP raised its holdings in Northern Dynasty Minerals by 145.4% in the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock valued at $2,320,000 after acquiring an additional 4,145,767 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock valued at $407,000 after acquiring an additional 1,068,704 shares in the last quarter. Herr Investment Group LLC raised its holdings in Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after acquiring an additional 999,891 shares in the last quarter. Cadinha & Co. LLC raised its holdings in Northern Dynasty Minerals by 40.0% in the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after acquiring an additional 400,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Northern Dynasty Minerals in the third quarter valued at approximately $60,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Stock Performance

Shares of NAK opened at $0.66 on Thursday. The company has a market cap of $357.42 million, a PE ratio of -16.62 and a beta of 0.55. Northern Dynasty Minerals Ltd. has a 12-month low of $0.23 and a 12-month high of $0.75.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. HC Wainwright raised their price objective on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a report on Wednesday, November 6th. StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They set a “sell” rating on the stock. Finally, Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd.

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.