Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP lessened its stake in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 17.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,754,834 shares of the mining company’s stock after selling 1,242,895 shares during the period. Invenomic Capital Management LP’s holdings in Northern Dynasty Minerals were worth $3,346,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Allegheny Financial Group purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth $30,000. RFG Advisory LLC purchased a new stake in Northern Dynasty Minerals in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Northern Dynasty Minerals in the third quarter valued at $33,000. Game Plan Financial Advisors LLC lifted its position in Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock valued at $45,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Smith Anglin Financial LLC lifted its position in Northern Dynasty Minerals by 19.0% in the fourth quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock valued at $73,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.

Northern Dynasty Minerals Stock Up 1.0%

Shares of Northern Dynasty Minerals stock opened at $1.05 on Monday. Northern Dynasty Minerals Ltd. has a 52-week low of $0.27 and a 52-week high of $1.29. The company’s 50-day simple moving average is $0.95 and its 200-day simple moving average is $0.65. The firm has a market cap of $564.93 million, a price-to-earnings ratio of -26.25 and a beta of 0.51.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

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.