StockNews.com Initiates Coverage on Northern Dynasty Minerals (NYSEAMERICAN:NAK)

Equities research analysts at StockNews.com started coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright raised their price target on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Northern Dynasty Minerals Price Performance

NYSEAMERICAN NAK opened at $0.47 on Monday. The firm has a market capitalization of $252.46 million, a P/E ratio of -11.74 and a beta of 0.53. Northern Dynasty Minerals has a one year low of $0.23 and a one year high of $0.56.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its holdings in Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after buying an additional 39,500 shares in the last quarter. XTX Topco Ltd increased its position in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after purchasing an additional 52,346 shares during the last quarter. Smith Anglin Financial LLC raised its stake in Northern Dynasty Minerals by 61.5% during the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after purchasing an additional 40,000 shares during the period. Virtu Financial LLC acquired a new position in Northern Dynasty Minerals in the 3rd quarter valued at about $60,000. Finally, GAM Holding AG grew its stake in shares of Northern Dynasty Minerals by 56.3% in the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after buying an additional 180,000 shares during the period. Institutional investors and hedge funds own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.