Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) traded up 6% on Thursday . The stock traded as high as $2.18 and last traded at $2.13. 5,046,764 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 5,394,869 shares. The stock had previously closed at $2.01.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of Northern Dynasty Minerals from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. HC Wainwright assumed coverage on shares of Northern Dynasty Minerals in a research note on Thursday, October 19th. They issued a “buy” rating and a $2.50 price target for the company. Finally, BMO Capital Markets assumed coverage on shares of Northern Dynasty Minerals in a research note on Monday, August 28th. They set a “market perform” rating for the company.

Hedge funds have recently added to or reduced their stakes in the business. Midas Management Corp purchased a new position in shares of Northern Dynasty Minerals in the third quarter worth approximately $108,000. PEAK6 Investments L.P. purchased a new position in shares of Northern Dynasty Minerals in the third quarter worth approximately $125,000. Smith Moore & CO. increased its position in shares of Northern Dynasty Minerals by 340.7% in the third quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock worth $132,000 after acquiring an additional 56,500 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Northern Dynasty Minerals in the third quarter worth approximately $157,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Northern Dynasty Minerals by 826.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 130,032 shares of the mining company’s stock worth $181,000 after acquiring an additional 115,999 shares in the last quarter.

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Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.

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