BidaskClub upgraded shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Separately, BMO Capital Markets assumed coverage on shares of Northern Dynasty Minerals in a research report on Monday, August 28th. They set a market perform rating on the stock.

Shares of Northern Dynasty Minerals (NAK) traded up 0.53% on Thursday, reaching $1.89. 976,648 shares of the company’s stock were exchanged. The company’s market capitalization is $574.44 million. Northern Dynasty Minerals has a 1-year low of $0.54 and a 1-year high of $3.45. The stock’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.54.

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A hedge fund recently raised its stake in Northern Dynasty Minerals stock. Raymond James Financial Services Advisors Inc. increased its position in shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) by 826.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,032 shares of the mining company’s stock after purchasing an additional 115,999 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Northern Dynasty Minerals were worth $181,000 at the end of the most recent quarter.

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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