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

StockNews.com began coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report report published on Tuesday. The brokerage issued 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 research note on Wednesday, November 6th.

Northern Dynasty Minerals Stock Up 1.5 %

Shares of NAK opened at $0.47 on Tuesday. The stock has a market capitalization of $251.44 million, a price-to-earnings ratio of -11.48 and a beta of 0.53. Northern Dynasty Minerals has a one year low of $0.23 and a one year high of $0.56.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Northern Dynasty Minerals by 1.3% during the 1st 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 in the last quarter. GAM Holding AG boosted its holdings 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. Herr Investment Group LLC increased its position in Northern Dynasty Minerals by 10.7% during the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after acquiring an additional 999,891 shares during the last quarter. Smith Anglin Financial LLC lifted its stake in 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 worth $35,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Cadinha & Co. LLC boosted its holdings 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 valued at $464,000 after acquiring an additional 400,000 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.