Northern Dynasty Minerals (NYSEAMERICAN:NAK) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report published on Sunday morning. The brokerage issued a sell rating on the mining company’s stock.

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

Northern Dynasty Minerals Price Performance

NYSEAMERICAN:NAK opened at $0.46 on Friday. 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 $246.92 million, a P/E ratio of -11.48 and a beta of 0.55.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Northern Dynasty Minerals during the 3rd quarter valued at about $33,000. Virtu Financial LLC bought a new stake in shares of Northern Dynasty Minerals in the 3rd quarter worth approximately $60,000. XTX Topco Ltd increased its stake in shares of Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after buying an additional 52,346 shares during the period. Stifel Financial Corp raised its holdings in shares of Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after acquiring an additional 39,500 shares in the last quarter. Finally, Invenomic Capital Management LP lifted its stake in Northern Dynasty Minerals by 145.4% in the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after acquiring an additional 4,145,767 shares during the period. 10.55% of the stock is currently owned by institutional investors.

About Northern Dynasty Minerals

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.