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

StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report report published on Friday morning. 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 note on Wednesday, November 6th.

Northern Dynasty Minerals Stock Down 1.2 %

NAK opened at $0.57 on Friday. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.58. The company has a market cap of $306.50 million, a price-to-earnings ratio of -14.25 and a beta of 0.55.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NAK. Stifel Financial Corp boosted its holdings in shares of Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after buying an additional 39,500 shares during the period. Smith Anglin Financial LLC lifted its position in shares of Northern Dynasty Minerals by 61.5% in the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after acquiring an additional 40,000 shares in the last quarter. XTX Topco Ltd boosted its stake in Northern Dynasty Minerals by 104.4% in 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. Finally, Virtu Financial LLC acquired a new stake in Northern Dynasty Minerals during the 3rd quarter valued at $60,000. 10.55% of the stock is owned by institutional investors and hedge funds.

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.