Northern Dynasty Minerals (NYSEAMERICAN:NAK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research note released on Sunday. 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 company a “buy” rating in a report on Wednesday, November 6th.

Northern Dynasty Minerals Stock Up 4.3 %

NYSEAMERICAN:NAK opened at $0.46 on Friday. The company has a market capitalization of $246.92 million, a price-to-earnings ratio of -11.48 and a beta of 0.55. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.56.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Northern Dynasty Minerals during the third quarter worth $33,000. Virtu Financial LLC bought a new position in shares of Northern Dynasty Minerals during the 3rd quarter valued at about $60,000. XTX Topco Ltd grew its position in shares of Northern Dynasty Minerals by 104.4% during the third 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 in the last quarter. Stifel Financial Corp increased 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 purchasing an additional 39,500 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its position in shares of Northern Dynasty Minerals by 145.4% in the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after buying an additional 4,145,767 shares in the last quarter. 10.55% of the stock is owned by hedge funds and other 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.