M Holdings Securities Inc. lifted its stake in shares of Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 104.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,000 shares of the mining company’s stock after buying an additional 125,000 shares during the quarter. M Holdings Securities Inc. owned about 0.08% of Northern Dynasty Minerals worth $133,000 at the end of the most recent reporting period.
Separately, Russell Investments Group Ltd. increased its stake in Northern Dynasty Minerals by 41.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,667,246 shares of the mining company’s stock valued at $4,298,000 after buying an additional 1,377,455 shares during the period.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. HC Wainwright set a $3.00 price objective on shares of Northern Dynasty Minerals and gave the stock a “buy” rating in a research report on Thursday, August 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Northern Dynasty Minerals has a consensus rating of “Hold” and an average target price of $1.75.
NAK stock traded up $0.02 during mid-day trading on Friday, reaching $0.53. The company had a trading volume of 580,277 shares, compared to its average volume of 1,501,667. Northern Dynasty Minerals Ltd has a one year low of $0.43 and a one year high of $2.34.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its earnings results on Thursday, August 9th. The mining company reported ($0.07) earnings per share (EPS) for the quarter.
Northern Dynasty Minerals Profile
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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