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

Research analysts at StockNews.com started coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report issued on Friday. The firm set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright increased their target price on 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 Price Performance

NAK stock opened at $0.50 on Friday. The stock has a market cap of $269.40 million, a price-to-earnings ratio of -12.53 and a beta of 0.55. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.58.

Institutional Trading of Northern Dynasty Minerals

A number of hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in shares of 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 acquiring an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Northern Dynasty Minerals in the third 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 purchasing an additional 52,346 shares during the period. Smith Anglin Financial LLC lifted its position in 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 purchasing an additional 40,000 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Northern Dynasty Minerals during the third quarter worth $60,000. 10.55% of the stock is 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.