Stratos Wealth Advisors LLC Boosts Holdings in Northern Dynasty Minerals, Ltd. $NAK

Stratos Wealth Advisors LLC raised its holdings in shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 476.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,681 shares of the mining company’s stock after acquiring an additional 66,686 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Northern Dynasty Minerals were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NAK. Bank of America Corp DE increased its holdings in Northern Dynasty Minerals by 1,042.0% during the 4th quarter. Bank of America Corp DE now owns 138,092 shares of the mining company’s stock valued at $80,000 after acquiring an additional 126,000 shares in the last quarter. Allworth Financial LP purchased a new position in Northern Dynasty Minerals during the 1st quarter valued at about $28,000. Cerity Partners LLC purchased a new position in Northern Dynasty Minerals during the 1st quarter valued at about $80,000. SBI Securities Co. Ltd. increased its holdings in Northern Dynasty Minerals by 571.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company’s stock valued at $31,000 after acquiring an additional 23,042 shares in the last quarter. Finally, Wealth Alliance LLC increased its holdings in Northern Dynasty Minerals by 32.1% during the 1st quarter. Wealth Alliance LLC now owns 45,225 shares of the mining company’s stock valued at $52,000 after acquiring an additional 11,000 shares in the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright raised their target price on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the company a “buy” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals Price Performance

Shares of NYSEAMERICAN NAK opened at $2.05 on Tuesday. The company has a market cap of $1.13 billion, a PE ratio of -18.64 and a beta of -0.60. Northern Dynasty Minerals, Ltd. has a 12 month low of $0.38 and a 12 month high of $2.98. The company has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.18.

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.