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

StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research note released on Wednesday. The brokerage 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 Price Performance

NYSEAMERICAN NAK opened at $0.43 on Wednesday. The firm has a market cap of $232.62 million, a P/E ratio of -10.82 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.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share (EPS) for the quarter. On average, equities analysts predict that Northern Dynasty Minerals will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Large investors have recently bought and sold shares of the stock. 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 worth $35,000 after purchasing an additional 40,000 shares in the last quarter. 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. BNP Paribas Financial Markets increased its holdings in shares of Northern Dynasty Minerals by 673.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock valued at $407,000 after acquiring an additional 1,068,704 shares during the period. Cadinha & Co. LLC boosted its stake in Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock worth $464,000 after purchasing an additional 400,000 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Northern Dynasty Minerals by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after purchasing an additional 94,095 shares during the period. Hedge funds and other institutional investors 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.