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

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

Separately, HC Wainwright boosted their price objective 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

Shares of Northern Dynasty Minerals stock opened at $0.44 on Friday. Northern Dynasty Minerals has a 12-month low of $0.23 and a 12-month high of $0.56. The company has a market cap of $236.60 million, a price-to-earnings ratio of -11.00 and a beta of 0.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NAK. Wilmington Savings Fund Society FSB bought a new stake in shares of Northern Dynasty Minerals in the 3rd quarter worth approximately $33,000. Virtu Financial LLC acquired a new position in shares of Northern Dynasty Minerals in the third quarter valued at $60,000. XTX Topco Ltd lifted its position 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 worth $34,000 after purchasing an additional 52,346 shares during the period. Stifel Financial Corp boosted its stake in Northern Dynasty Minerals by 71.8% during 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 in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after buying an additional 4,145,767 shares in the last quarter. Institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

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.