Herr Investment Group LLC Grows Holdings in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Herr Investment Group LLC lifted its position in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,330,688 shares of the mining company’s stock after buying an additional 999,891 shares during the quarter. Northern Dynasty Minerals makes up 0.2% of Herr Investment Group LLC’s investment portfolio, making the stock its 29th largest position. Herr Investment Group LLC’s holdings in Northern Dynasty Minerals were worth $3,204,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAM Holding AG boosted its stake in Northern Dynasty Minerals by 56.3% in the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after buying an additional 180,000 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Northern Dynasty Minerals by 1.3% during the 1st quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock worth $2,356,000 after acquiring an additional 94,095 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Northern Dynasty Minerals in the first quarter worth approximately $4,228,000. Integrated Advisors Network LLC grew its holdings in Northern Dynasty Minerals by 73.3% in the fourth quarter. Integrated Advisors Network LLC now owns 130,000 shares of the mining company’s stock valued at $42,000 after purchasing an additional 55,000 shares during the period. Finally, Invenomic Capital Management LP acquired a new position in Northern Dynasty Minerals during the fourth quarter worth approximately $947,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $0.80 price target on shares of Northern Dynasty Minerals in a report on Wednesday, July 3rd.

Northern Dynasty Minerals Stock Down 2.8 %

NAK stock opened at $0.35 on Friday. The stock has a market cap of $187.07 million, a price-to-earnings ratio of -8.70 and a beta of 0.55. Northern Dynasty Minerals Ltd. has a 12-month low of $0.23 and a 12-month high of $0.42.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share (EPS) for the quarter. On average, research analysts anticipate that Northern Dynasty Minerals Ltd. will post -0.03 earnings per share for the current year.

About Northern Dynasty Minerals

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.