Stifel Financial Corp Purchases 39,500 Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Stifel Financial Corp lifted its position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 71.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,500 shares of the mining company’s stock after purchasing an additional 39,500 shares during the quarter. Stifel Financial Corp’s holdings in Northern Dynasty Minerals were worth $31,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invenomic Capital Management LP lifted its position in Northern Dynasty Minerals by 145.4% during 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 purchasing an additional 4,145,767 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Northern Dynasty Minerals by 673.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock worth $407,000 after buying an additional 1,068,704 shares during the last quarter. Herr Investment Group LLC raised its position in shares of Northern Dynasty Minerals by 10.7% during the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after buying an additional 999,891 shares in the last quarter. Cadinha & Co. LLC lifted its holdings in shares of Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock worth $464,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Smith Anglin Financial LLC grew its position in Northern Dynasty Minerals by 61.5% in the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after acquiring an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Price Performance

Shares of NAK opened at $0.57 on Tuesday. Northern Dynasty Minerals Ltd. has a fifty-two week low of $0.23 and a fifty-two week high of $0.58. The company has a market capitalization of $306.50 million, a PE ratio of -14.25 and a beta of 0.55.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NAK. StockNews.com started coverage on Northern Dynasty Minerals in a research report on Friday. They set a “sell” rating on the stock. HC Wainwright increased their price objective on Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

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.