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

Equities researchers at StockNews.com began 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 lifted their target price on Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Northern Dynasty Minerals Price Performance

Northern Dynasty Minerals stock opened at $0.52 on Thursday. Northern Dynasty Minerals has a one year low of $0.23 and a one year high of $0.58. The firm 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 have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in 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 purchasing an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Northern Dynasty Minerals during the 3rd quarter valued at $33,000. XTX Topco Ltd lifted its position in 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 last quarter. Smith Anglin Financial LLC boosted 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 buying an additional 40,000 shares during the period. Finally, Virtu Financial LLC bought a new position in Northern Dynasty Minerals during the third quarter valued at $60,000. 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.