Commonwealth Equity Services LLC reduced its position in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Free Report) (TSE:NDM) by 29.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,100,825 shares of the mining company’s stock after selling 885,754 shares during the period. Commonwealth Equity Services LLC’s holdings in Northern Dynasty Minerals were worth $4,139,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management acquired a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at $26,000. Merit Financial Group LLC acquired a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth $26,000. Investment Planning Advisors Inc. acquired a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth $26,000. Kovack Advisors Inc. acquired a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth $27,000. Finally, Webster Bank N. A. acquired a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth $30,000. 10.55% of the stock is owned by institutional investors and hedge funds.
Northern Dynasty Minerals Price Performance
Shares of Northern Dynasty Minerals stock opened at $1.91 on Monday. Northern Dynasty Minerals, Ltd. has a 12 month low of $0.73 and a 12 month high of $2.98. The business has a fifty day simple moving average of $1.95 and a 200 day simple moving average of $1.88. The stock has a market cap of $1.07 billion, a PE ratio of -21.22 and a beta of 0.61.
Northern Dynasty Minerals Profile
Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.
The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.
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