Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) were down 5.2% on Wednesday . The stock traded as low as $2.16 and last traded at $2.17. Approximately 5,314,200 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 5,637,983 shares. The stock had previously closed at $2.29.

NAK has been the subject of several analyst reports. HC Wainwright initiated coverage on shares of Northern Dynasty Minerals in a research report on Thursday, October 19th. They issued a “buy” rating and a $2.50 target price for the company. BMO Capital Markets initiated coverage on shares of Northern Dynasty Minerals in a research report on Monday, August 28th. They issued a “market perform” rating for the company. Finally, BidaskClub upgraded shares of Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research report on Friday, October 13th.

Several large investors have recently modified their holdings of the company. Midas Management Corp bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at approximately $108,000. PEAK6 Investments L.P. bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at approximately $125,000. Smith Moore & CO. grew its holdings in shares of Northern Dynasty Minerals by 340.7% during the 3rd quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock valued at $132,000 after purchasing an additional 56,500 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at approximately $157,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Northern Dynasty Minerals by 826.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 130,032 shares of the mining company’s stock valued at $181,000 after purchasing an additional 115,999 shares during the last quarter.

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About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.

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