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

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

Separately, HC Wainwright lifted their price target on 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 Price Performance

Shares of NYSEAMERICAN NAK opened at $0.45 on Wednesday. The stock has a market cap of $239.39 million, a P/E ratio of -11.13 and a beta of 0.53. Northern Dynasty Minerals has a 1 year low of $0.23 and a 1 year high of $0.56.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share for the quarter. As a group, research analysts forecast that Northern Dynasty Minerals will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in Northern Dynasty Minerals by 1.3% in the 1st quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock worth $2,356,000 after buying an additional 94,095 shares during the last quarter. Herr Investment Group LLC boosted its holdings in Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock worth $3,204,000 after purchasing an additional 999,891 shares during the last quarter. Cadinha & Co. LLC grew its position in 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 worth $464,000 after purchasing an additional 400,000 shares during the period. GAM Holding AG raised its stake in Northern Dynasty Minerals by 56.3% during the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after buying an additional 180,000 shares during the last quarter. Finally, Smith Anglin Financial LLC lifted its holdings in shares of Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after buying 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.