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

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

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

Northern Dynasty Minerals Price Performance

Shares of Northern Dynasty Minerals stock opened at $0.46 on Monday. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.56. The company has a market cap of $248.21 million, a PE ratio of -11.54 and a beta of 0.53.

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp increased its position in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after purchasing an additional 39,500 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. XTX Topco Ltd increased its position in 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 Northern Dynasty Minerals by 61.5% during the 3rd 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. Finally, Virtu Financial LLC acquired a new position in Northern Dynasty Minerals during the 3rd quarter worth approximately $60,000. 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.