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Sei Investments Co. Acquires 468,191 Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK)

Sei Investments Co. boosted its holdings in Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) by 49.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,416,649 shares of the mining company’s stock after acquiring an additional 468,191 shares during the quarter. Sei Investments Co. owned 0.28% of Northern Dynasty Minerals worth $1,389,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley lifted its holdings in shares of Northern Dynasty Minerals by 149.5% during the 3rd quarter. Morgan Stanley now owns 137,340 shares of the mining company’s stock valued at $134,000 after buying an additional 82,298 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Northern Dynasty Minerals by 15.2% during the 3rd quarter. Cetera Advisors LLC now owns 151,500 shares of the mining company’s stock valued at $149,000 after buying an additional 20,000 shares during the period. Shepherd Kaplan Krochuk LLC lifted its holdings in shares of Northern Dynasty Minerals by 3.5% during the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 465,800 shares of the mining company’s stock valued at $457,000 after buying an additional 15,800 shares during the period. Kopernik Global Investors LLC lifted its holdings in shares of Northern Dynasty Minerals by 47.8% during the 3rd quarter. Kopernik Global Investors LLC now owns 21,591,412 shares of the mining company’s stock valued at $21,168,000 after buying an additional 6,985,536 shares during the period. Finally, TD Asset Management Inc. bought a new position in shares of Northern Dynasty Minerals during the 3rd quarter valued at $364,000.

Shares of NAK stock opened at $0.32 on Wednesday. Northern Dynasty Minerals Ltd. has a 52-week low of $0.31 and a 52-week high of $2.49.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings results on Monday, November 16th. The mining company reported ($0.04) earnings per share (EPS) for the quarter.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Northern Dynasty Minerals from a “hold” rating to a “sell” rating in a research note on Thursday, November 26th. HC Wainwright reduced their price objective on Northern Dynasty Minerals to $3.25 and set a “buy” rating for the company in a research note on Friday, December 4th. Finally, TD Securities reduced their price objective on Northern Dynasty Minerals from $1.70 to $1.15 and set a “hold” rating for the company in a research note on Monday, November 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $2.23.

Northern Dynasty Minerals Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that covers an area of approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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

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