Pekin Hardy Strauss Inc. Takes Position in Northern Dynasty Minerals, Ltd. $NAK

Pekin Hardy Strauss Inc. acquired a new position in shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 40,000 shares of the mining company’s stock, valued at approximately $54,000.

Several other large investors have also recently bought and sold shares of NAK. Cubist Systematic Strategies LLC acquired a new stake in Northern Dynasty Minerals in the first quarter valued at $25,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Northern Dynasty Minerals by 37.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock valued at $26,000 after purchasing an additional 5,000 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Northern Dynasty Minerals in the 1st quarter valued at about $28,000. Allium Financial Advisors LLC acquired a new stake in shares of Northern Dynasty Minerals in the first quarter valued at about $29,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Northern Dynasty Minerals by 571.6% during the first quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company’s stock worth $31,000 after buying an additional 23,042 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Trading Up 2.3%

Shares of NAK opened at $1.76 on Friday. The firm’s 50-day moving average is $1.49 and its two-hundred day moving average is $1.27. Northern Dynasty Minerals, Ltd. has a twelve month low of $0.43 and a twelve month high of $2.98. The firm has a market capitalization of $971.17 million, a P/E ratio of -16.00 and a beta of -0.60.

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.