Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) Shares Sold by Kopernik Global Investors LLC

Kopernik Global Investors LLC lowered its position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,470,739 shares of the mining company's stock after selling 599,952 shares during the period. Northern Dynasty Minerals makes up about 2.0% of Kopernik Global Investors LLC's portfolio, making the stock its 17th largest position. Kopernik Global Investors LLC owned approximately 5.85% of Northern Dynasty Minerals worth $18,300,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NAK. BNP Paribas Financial Markets increased its holdings in shares of Northern Dynasty Minerals by 673.8% during the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock valued at $407,000 after acquiring an additional 1,068,704 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Northern Dynasty Minerals in the third quarter worth $60,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Dynasty Minerals during the third quarter worth $33,000. Wells Fargo & Company MN grew its holdings in shares of Northern Dynasty Minerals by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock valued at $592,000 after buying an additional 78,554 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of Northern Dynasty Minerals during the fourth quarter valued at $31,000. Institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Stock Performance

Shares of Northern Dynasty Minerals stock traded up $0.04 on Friday, hitting $1.11. The company's stock had a trading volume of 4,827,203 shares, compared to its average volume of 2,984,781. The company has a market capitalization of $597.21 million, a price-to-earnings ratio of -27.75 and a beta of 0.51. Northern Dynasty Minerals Ltd. has a 1 year low of $0.27 and a 1 year high of $1.29. The firm has a fifty day moving average price of $0.83 and a 200-day moving average price of $0.60.

Wall Street Analysts Forecast Growth

NAK has been the subject of several research reports. StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a research note on Friday, December 27th. They set a "sell" rating for the company. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. Finally, HC Wainwright reiterated a "buy" rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.

Northern Dynasty Minerals 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.