Bornite Capital Management LP Acquires Shares of 5,385,000 Northern Dynasty Minerals, Ltd. $NAK

Bornite Capital Management LP acquired a new stake in Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,385,000 shares of the mining company’s stock, valued at approximately $10,608,000. Northern Dynasty Minerals comprises approximately 1.0% of Bornite Capital Management LP’s holdings, making the stock its 24th largest holding. Bornite Capital Management LP owned about 0.96% of Northern Dynasty Minerals as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NAK. CenterBook Partners LP bought a new position in shares of Northern Dynasty Minerals in the 3rd quarter worth $2,444,000. TD Asset Management Inc bought a new position in shares of Northern Dynasty Minerals in the 3rd quarter worth $839,000. Stratos Wealth Advisors LLC boosted its position in shares of Northern Dynasty Minerals by 69.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 136,681 shares of the mining company’s stock worth $164,000 after purchasing an additional 56,000 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Northern Dynasty Minerals in the 3rd quarter worth $72,000. Finally, RFG Advisory LLC boosted its position in shares of Northern Dynasty Minerals by 109.6% in the 3rd quarter. RFG Advisory LLC now owns 202,990 shares of the mining company’s stock worth $244,000 after purchasing an additional 106,121 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors.

Northern Dynasty Minerals Stock Up 4.6%

NYSEAMERICAN:NAK opened at $2.04 on Friday. Northern Dynasty Minerals, Ltd. has a 12-month low of $0.73 and a 12-month high of $2.98. The firm has a market capitalization of $1.14 billion, a P/E ratio of -22.67 and a beta of 0.61. The stock’s fifty day simple moving average is $2.01 and its 200-day simple moving average is $1.89.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.