Northern Dynasty Minerals (NYSEAMERICAN:NAK) Now Covered by StockNews.com

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

Separately, HC Wainwright lifted 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 note on Wednesday, November 6th.

Northern Dynasty Minerals Stock Up 0.7 %

NYSEAMERICAN:NAK opened at $0.44 on Friday. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.56. The company has a market capitalization of $238.69 million, a price-to-earnings ratio of -11.00 and a beta of 0.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Herr Investment Group LLC increased its stake in shares of Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock worth $3,204,000 after acquiring an additional 999,891 shares during the period. Cadinha & Co. LLC grew its position in Northern Dynasty Minerals by 40.0% during the third 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 period. GAM Holding AG grew its position in Northern Dynasty Minerals by 56.3% during the second 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 period. Smith Anglin Financial LLC grew its position 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 valued at $35,000 after purchasing an additional 40,000 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Northern Dynasty Minerals by 71.8% in 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. 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.