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

StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report published on Thursday. The firm issued 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 stock a “buy” rating in a research report on Wednesday, November 6th.

Northern Dynasty Minerals Price Performance

Shares of Northern Dynasty Minerals stock opened at $0.52 on Thursday. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.58. The company has a market cap of $278.92 million, a P/E ratio of -12.97 and a beta of 0.55.

Hedge Funds Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp raised its position 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 worth $31,000 after purchasing an additional 39,500 shares during the period. Smith Anglin Financial LLC raised its holdings in shares of Northern Dynasty Minerals by 61.5% in the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after buying an additional 40,000 shares during the period. XTX Topco Ltd raised its holdings in shares of Northern Dynasty Minerals by 104.4% in the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after buying an additional 52,346 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. Finally, GAM Holding AG grew its position 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 acquiring 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.