Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) gapped down before the market opened on Thursday . The stock had previously closed at $2.15, but opened at $2.10. Northern Dynasty Minerals shares last traded at $2.06, with a volume of 2175000 shares.

NAK has been the subject of several recent analyst reports. BidaskClub lowered Northern Dynasty Minerals from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. HC Wainwright initiated coverage on Northern Dynasty Minerals in a report on Thursday, October 19th. They issued a “buy” rating and a $2.50 target price for the company. Finally, BMO Capital Markets initiated coverage on Northern Dynasty Minerals in a report on Monday, August 28th. They issued a “market perform” rating for the company.

Several hedge funds have recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Northern Dynasty Minerals in the third quarter valued at approximately $284,000. PEAK6 Investments L.P. purchased a new position in Northern Dynasty Minerals in the third quarter valued at approximately $125,000. LMR Partners LLP purchased a new position in Northern Dynasty Minerals in the third quarter valued at approximately $157,000. Russell Investments Group Ltd. lifted its stake in Northern Dynasty Minerals by 4.1% in the third quarter. Russell Investments Group Ltd. now owns 3,345,111 shares of the mining company’s stock valued at $6,002,000 after purchasing an additional 133,056 shares during the last quarter. Finally, Smith Moore & CO. lifted its stake in Northern Dynasty Minerals by 340.7% in the third quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock valued at $132,000 after purchasing an additional 56,500 shares during the last quarter.

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About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.

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