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

StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report sent to investors on Wednesday morning. The brokerage issued a sell rating on the mining company’s stock.

Separately, HC Wainwright raised their target price on shares of 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 Stock Down 3.0 %

NAK opened at $0.43 on Wednesday. The company has a market capitalization of $232.62 million, a P/E ratio of -10.82 and a beta of 0.53. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.56.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its quarterly earnings data on Wednesday, August 14th. The mining company reported ($0.01) earnings per share for the quarter. On average, equities analysts expect that Northern Dynasty Minerals will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Northern Dynasty Minerals by 1.3% during the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after buying an additional 94,095 shares during the period. Herr Investment Group LLC increased its position in Northern Dynasty Minerals by 10.7% during 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 during the period. Cadinha & Co. LLC raised its holdings in shares of Northern Dynasty Minerals by 40.0% in the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after purchasing an additional 400,000 shares in the last quarter. GAM Holding AG lifted its position in shares of Northern Dynasty Minerals by 56.3% in the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after purchasing an additional 180,000 shares during the period. Finally, Smith Anglin Financial LLC lifted its position in shares of Northern Dynasty Minerals by 61.5% in the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after purchasing an additional 40,000 shares during the period. Hedge funds and other 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.