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

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

Separately, HC Wainwright boosted their price objective on shares of 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 Performance

Shares of NAK stock opened at $0.46 on Monday. Northern Dynasty Minerals has a 1 year low of $0.23 and a 1 year high of $0.56. The firm has a market capitalization of $248.21 million, a price-to-earnings ratio of -11.54 and a beta of 0.53.

Institutional Trading of Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Northern Dynasty Minerals in the 3rd quarter valued at about $33,000. Virtu Financial LLC bought a new stake in Northern Dynasty Minerals in the 3rd quarter valued at about $60,000. XTX Topco Ltd boosted its holdings 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 valued at $34,000 after purchasing an additional 52,346 shares during the period. Stifel Financial Corp boosted its holdings in Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after purchasing an additional 39,500 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in Northern Dynasty Minerals by 145.4% in the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock valued at $2,320,000 after purchasing an additional 4,145,767 shares during the period. 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.