Virtu Financial LLC Buys New Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Virtu Financial LLC purchased a new position in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 181,435 shares of the mining company’s stock, valued at approximately $60,000.

A number of other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd grew its position in shares of Northern Dynasty Minerals by 104.4% in the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after purchasing an additional 52,346 shares during the period. Stifel Financial Corp grew its holdings in Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after buying an additional 39,500 shares during the period. Invenomic Capital Management LP increased its stake in shares of Northern Dynasty Minerals by 145.4% during the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock valued at $2,320,000 after acquiring an additional 4,145,767 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Northern Dynasty Minerals by 673.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock worth $407,000 after acquiring an additional 1,068,704 shares during the period. Finally, Cadinha & Co. LLC lifted its holdings in shares of Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock worth $464,000 after acquiring an additional 400,000 shares during the period. Institutional investors and hedge funds own 10.55% of the company’s stock.

Northern Dynasty Minerals Trading Up 9.0 %

Northern Dynasty Minerals stock opened at $0.52 on Friday. The stock has a market capitalization of $278.92 million, a PE ratio of -12.97 and a beta of 0.55. Northern Dynasty Minerals Ltd. has a 12 month low of $0.23 and a 12 month high of $0.58.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NAK. StockNews.com started coverage on shares of Northern Dynasty Minerals in a report on Thursday. They issued a “sell” rating for the company. HC Wainwright upped their price objective on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Northern Dynasty Minerals Company Profile

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.