Russell Investments Group Ltd. Has $3.68 Million Stake in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Russell Investments Group Ltd. lowered its stake in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Free Report) TSE: NDM by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,340,722 shares of the mining company's stock after selling 1,282,727 shares during the quarter. Russell Investments Group Ltd. owned about 1.18% of Northern Dynasty Minerals worth $3,683,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter valued at about $31,000. Stifel Financial Corp grew its position in shares of Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock valued at $31,000 after purchasing an additional 39,500 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. XTX Topco Ltd raised its position in shares of Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company's stock worth $34,000 after purchasing an additional 52,346 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its stake in Northern Dynasty Minerals by 29.5% in the 4th quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock valued at $45,000 after buying an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 10.55% of the company's stock.

Northern Dynasty Minerals Trading Up 3.7 %

NYSEAMERICAN:NAK traded up $0.04 during midday trading on Friday, hitting $1.11. 4,827,203 shares of the stock were exchanged, compared to its average volume of 2,987,487. 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 one year low of $0.27 and a one year high of $1.29. The business has a 50-day moving average price of $0.83 and a two-hundred day moving average price of $0.60.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NAK shares. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. HC Wainwright reiterated a "buy" rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th. Finally, StockNews.com began coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They set a "sell" rating on the stock.

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.