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

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

Separately, HC Wainwright raised their target price on shares of 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

Shares of NYSEAMERICAN NAK opened at $0.58 on Friday. The firm has a market cap of $310.21 million, a price-to-earnings ratio of -14.42 and a beta of 0.55. Northern Dynasty Minerals has a twelve month low of $0.23 and a twelve month high of $0.58.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAK. Stifel Financial Corp grew its holdings in Northern Dynasty Minerals by 71.8% in the third 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in Northern Dynasty Minerals during the 3rd quarter worth $33,000. XTX Topco Ltd grew its stake in Northern Dynasty Minerals by 104.4% during the 3rd 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 increased its position in Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after buying an additional 40,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Northern Dynasty Minerals in the third quarter valued at about $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.