Invenomic Capital Management LP Buys New Position in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Invenomic Capital Management LP bought a new stake in shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAKFree Report) (TSE:NDM) in the 4th quarter, reports. The institutional investor bought 2,928,855 shares of the mining company’s stock, valued at approximately $947,000.

Separately, GAM Holding AG bought a new stake in shares of Northern Dynasty Minerals in the 4th quarter worth approximately $103,000. Institutional investors own 10.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reduced their price objective on Northern Dynasty Minerals from $0.90 to $0.80 and set a “buy” rating for the company in a research report on Tuesday, March 19th.

Check Out Our Latest Stock Analysis on NAK

Northern Dynasty Minerals Stock Down 1.6 %

Shares of NAK opened at $0.29 on Tuesday. Northern Dynasty Minerals Ltd. has a 1 year low of $0.21 and a 1 year high of $0.43. The company has a market capitalization of $154.86 million, a PE ratio of -7.32 and a beta of 0.71.

Northern Dynasty Minerals (NYSEAMERICAN:NAKGet Free Report) (TSE:NDM) last released its quarterly earnings results on Wednesday, May 15th. The mining company reported ($0.01) earnings per share for the quarter.

Northern Dynasty Minerals Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Northern Dynasty Minerals (NYSEAMERICAN:NAK)

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