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

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

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

Northern Dynasty Minerals Trading Down 4.7 %

NYSEAMERICAN:NAK opened at $0.51 on Friday. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.58. The stock has a market capitalization of $276.71 million, a price-to-earnings ratio of -12.87 and a beta of 0.55.

Institutional Trading of Northern Dynasty Minerals

Several institutional investors have recently added to or reduced their stakes in NAK. Stifel Financial Corp boosted its position in 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 during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals during the third quarter worth approximately $33,000. XTX Topco Ltd raised its holdings 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 valued at $34,000 after acquiring an additional 52,346 shares in the last quarter. Smith Anglin Financial LLC lifted its stake 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 acquiring an additional 40,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Northern Dynasty Minerals in the third quarter worth approximately $60,000. 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.