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

StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research note published on Tuesday morning. The firm issued a sell rating on the mining company’s stock.

Separately, HC Wainwright boosted their price target on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a research report on Wednesday, November 6th.

Northern Dynasty Minerals Trading Up 1.5 %

NYSEAMERICAN:NAK opened at $0.47 on Tuesday. The firm has a market capitalization of $251.44 million, a PE ratio of -11.48 and a beta of 0.53. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.56.

Institutional Trading of Northern Dynasty Minerals

Hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings 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 valued at $31,000 after buying an additional 39,500 shares in the last quarter. XTX Topco Ltd increased its position in shares of Northern Dynasty Minerals by 104.4% during 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 in the last quarter. Smith Anglin Financial LLC increased its position 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. Virtu Financial LLC purchased a new stake in Northern Dynasty Minerals in the third quarter valued at approximately $60,000. Finally, GAM Holding AG grew its position in shares of Northern Dynasty Minerals by 56.3% during the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after acquiring an additional 180,000 shares during the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.

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.