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

Investment analysts at StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report released on Tuesday. The firm set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright raised their price objective on shares of 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 Stock Performance

NAK stock opened at $0.48 on Tuesday. The stock has a market cap of $259.72 million, a price-to-earnings ratio of -12.08 and a beta of 0.53. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.56.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in shares of Northern Dynasty Minerals by 71.8% during 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 last quarter. Smith Anglin Financial LLC raised its position in 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 acquiring an additional 40,000 shares in the last quarter. XTX Topco Ltd lifted its stake 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 during the last quarter. Russell Investments Group Ltd. grew its position in Northern Dynasty Minerals by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock worth $2,356,000 after acquiring an additional 94,095 shares in the last quarter. Finally, GAM Holding AG grew its position in Northern Dynasty Minerals by 56.3% in the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after acquiring an additional 180,000 shares in the last quarter. Institutional investors and hedge funds 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.