Northern Dynasty Minerals (NAK) Shares Gap Down to $1.91
Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) shares gapped down before the market opened on Tuesday . The stock had previously closed at $1.96, but opened at $1.91. Northern Dynasty Minerals shares last traded at $1.80, with a volume of 6379327 shares trading hands.
Several research analysts have issued reports on NAK shares. HC Wainwright restated a “buy” rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a research report on Tuesday. BidaskClub upgraded shares of Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets assumed coverage on shares of Northern Dynasty Minerals in a research report on Monday, August 28th. They set a “market perform” rating on the stock.
Several hedge funds have recently made changes to their positions in the company. Gabelli Funds LLC bought a new stake in Northern Dynasty Minerals in the third quarter valued at approximately $414,000. Russell Investments Group Ltd. increased its position in shares of Northern Dynasty Minerals by 4.1% during the third quarter. Russell Investments Group Ltd. now owns 3,345,111 shares of the mining company’s stock worth $6,002,000 after acquiring an additional 133,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Northern Dynasty Minerals by 826.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 130,032 shares of the mining company’s stock worth $181,000 after acquiring an additional 115,999 shares in the last quarter. Midas Management Corp bought a new stake in shares of Northern Dynasty Minerals during the third quarter worth $108,000. Finally, LMR Partners LLP bought a new stake in shares of Northern Dynasty Minerals during the third quarter worth $157,000.
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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