Northern Dynasty Minerals (NYSEAMERICAN:NAK) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright increased their target price on 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 Stock Down 10.1 %

NYSEAMERICAN NAK opened at $0.46 on Thursday. The company has a market cap of $245.25 million, a P/E ratio of -11.40 and a beta of 0.55. Northern Dynasty Minerals has a one year low of $0.23 and a one year high of $0.58.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 acquiring an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Northern Dynasty Minerals in the 3rd quarter worth about $33,000. XTX Topco Ltd grew its holdings 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 valued at $34,000 after buying an additional 52,346 shares in the last quarter. Smith Anglin Financial LLC increased its position in shares of Northern Dynasty Minerals by 61.5% during 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 period. Finally, Virtu Financial LLC purchased a new stake in shares of Northern Dynasty Minerals in the third quarter worth about $60,000. 10.55% of the stock is currently owned by institutional investors.

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.