BNP Paribas Financial Markets Boosts Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

BNP Paribas Financial Markets boosted its stake in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 673.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,227,304 shares of the mining company's stock after buying an additional 1,068,704 shares during the period. BNP Paribas Financial Markets owned about 0.23% of Northern Dynasty Minerals worth $407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of NAK. Smith Anglin Financial LLC raised its stake in shares of Northern Dynasty Minerals by 61.5% in the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company's stock valued at $35,000 after purchasing an additional 40,000 shares in the last quarter. GAM Holding AG lifted its stake in Northern Dynasty Minerals by 56.3% in the second quarter. GAM Holding AG now owns 500,000 shares of the mining company's stock valued at $155,000 after buying an additional 180,000 shares during the period. Cadinha & Co. LLC lifted its stake in Northern Dynasty Minerals by 40.0% in the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock valued at $464,000 after buying an additional 400,000 shares during the period. Finally, Herr Investment Group LLC raised its position in shares of Northern Dynasty Minerals by 10.7% during the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company's stock worth $3,204,000 after purchasing an additional 999,891 shares during the period. Hedge funds and other institutional investors own 10.55% of the company's stock.

Wall Street Analysts Forecast Growth

NAK has been the topic of several analyst reports. StockNews.com began coverage on Northern Dynasty Minerals in a report on Friday. They set a "sell" rating on the stock. HC Wainwright raised their price objective on Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a "buy" rating in a research note on Wednesday, November 6th.

Northern Dynasty Minerals Stock Down 3.4 %

NYSEAMERICAN:NAK traded down $0.02 on Friday, reaching $0.50. 2,540,452 shares of the company's stock traded hands, compared to its average volume of 1,679,792. Northern Dynasty Minerals Ltd. has a 12 month low of $0.23 and a 12 month high of $0.58. The stock has a market cap of $269.40 million, a PE ratio of -12.53 and a beta of 0.55.

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.