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 research report issued to clients and investors on Friday. The firm set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright boosted 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 Stock Performance

Northern Dynasty Minerals stock opened at $0.57 on Friday. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.58. The firm has a market cap of $306.50 million, a PE ratio of -14.25 and a beta of 0.55.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several hedge funds have recently modified their holdings of NAK. Stifel Financial Corp raised its position in shares of 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 buying an additional 39,500 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Northern Dynasty Minerals in the 3rd quarter worth approximately $33,000. XTX Topco Ltd grew its holdings in shares of 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 purchasing an additional 52,346 shares in the last quarter. Smith Anglin Financial LLC increased its position in shares of 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 valued at $35,000 after purchasing an additional 40,000 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Northern Dynasty Minerals in the third quarter valued at $60,000. 10.55% of the stock is owned by institutional investors.

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.