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

Investment analysts at StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research note issued on Thursday. The firm set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright boosted their target price on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a report on Wednesday.

Northern Dynasty Minerals Stock Down 5.2 %

Shares of NAK stock opened at $0.48 on Thursday. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.56.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its earnings results on Wednesday, August 14th. The mining company reported ($0.01) EPS for the quarter. As a group, analysts expect that Northern Dynasty Minerals will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Northern Dynasty Minerals

Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at about $4,228,000. Russell Investments Group Ltd. increased its position in shares of Northern Dynasty Minerals by 1.3% during the 1st quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after purchasing an additional 94,095 shares during the last quarter. Herr Investment Group LLC increased its position in shares of Northern Dynasty Minerals by 10.7% during the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after purchasing an additional 999,891 shares during the last quarter. Cadinha & Co. LLC increased its position in shares of Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after purchasing an additional 400,000 shares during the last quarter. Finally, GAM Holding AG increased its position in shares of Northern Dynasty Minerals by 56.3% during the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after purchasing an additional 180,000 shares during the last quarter. Hedge funds and other institutional investors 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.