Vertex One Asset Management Inc. boosted its stake in shares of Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,684,600 shares of the mining company’s stock after purchasing an additional 200,000 shares during the quarter. Northern Dynasty Minerals comprises 1.7% of Vertex One Asset Management Inc.’s portfolio, making the stock its 18th largest holding. Vertex One Asset Management Inc.’s holdings in Northern Dynasty Minerals were worth $10,076,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in NAK. Creative Planning boosted its position in Northern Dynasty Minerals by 131.9% during the fourth quarter. Creative Planning now owns 891,276 shares of the mining company’s stock worth $1,578,000 after purchasing an additional 506,900 shares during the period. Swiss National Bank bought a new stake in Northern Dynasty Minerals during the fourth quarter worth approximately $831,000. Gabelli Funds LLC bought a new stake in Northern Dynasty Minerals during the third quarter worth approximately $414,000. Picton Mahoney Asset Management bought a new stake in Northern Dynasty Minerals during the fourth quarter worth approximately $511,000. Finally, Midas Management Corp boosted its position in Northern Dynasty Minerals by 375.0% during the fourth quarter. Midas Management Corp now owns 285,000 shares of the mining company’s stock worth $504,000 after purchasing an additional 225,000 shares during the period.
Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) traded down $0.02 on Monday, hitting $0.92. The stock had a trading volume of 90,803 shares, compared to its average volume of 3,041,007. Northern Dynasty Minerals Ltd has a 12 month low of $0.81 and a 12 month high of $2.42. The company has a market capitalization of $283.43, a PE ratio of -6.27 and a beta of -0.15.
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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