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

Stock analysts at StockNews.com began coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report released on Wednesday. The brokerage set a “sell” rating on the mining company’s stock.

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

Northern Dynasty Minerals Price Performance

NAK opened at $0.45 on Wednesday. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.56. The firm has a market cap of $241.27 million, a price-to-earnings ratio of -11.17 and a beta of 0.53.

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

Institutional Investors Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently modified their holdings of the company. Smith Anglin Financial LLC raised its holdings in shares of Northern Dynasty Minerals by 61.5% in the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after purchasing an additional 40,000 shares during the period. GAM Holding AG grew its stake in 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 last quarter. BNP Paribas Financial Markets grew its stake in Northern Dynasty Minerals by 673.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock valued at $407,000 after buying an additional 1,068,704 shares during the last quarter. Cadinha & Co. LLC grew its stake in Northern Dynasty Minerals by 40.0% in the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after buying an additional 400,000 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Northern Dynasty Minerals by 1.3% in 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 buying an additional 94,095 shares during the last quarter. 10.55% of the stock is owned by institutional investors.

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.