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

Analysts at StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a note issued to investors on Friday. The brokerage set 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 company a “buy” rating in a research note on Wednesday, November 6th.

Northern Dynasty Minerals Stock Performance

NYSEAMERICAN NAK opened at $0.51 on Friday. The firm has a market capitalization of $276.71 million, a price-to-earnings ratio of -12.87 and a beta of 0.55. Northern Dynasty Minerals has a 12-month low of $0.23 and a 12-month high of $0.58.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NAK. Invenomic Capital Management LP boosted its stake in shares of Northern Dynasty Minerals by 145.4% in the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after acquiring an additional 4,145,767 shares during the last quarter. Herr Investment Group LLC lifted its holdings in Northern Dynasty Minerals by 10.7% in the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after purchasing an additional 999,891 shares in the last quarter. 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 last quarter. GAM Holding AG grew its holdings 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 buying an additional 180,000 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its position in shares of 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 valued at $35,000 after buying an additional 40,000 shares during the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

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.