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

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

Separately, HC Wainwright upped their price target 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 Price Performance

NYSEAMERICAN:NAK opened at $0.58 on Friday. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.58. The stock has a market cap of $310.21 million, a price-to-earnings ratio of -14.42 and a beta of 0.55.

Institutional Trading of Northern Dynasty Minerals

A number of institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp lifted its stake in 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. Smith Anglin Financial LLC lifted its stake 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 worth $35,000 after acquiring an additional 40,000 shares during the last quarter. XTX Topco Ltd grew its position 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 acquiring an additional 52,346 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Northern Dynasty Minerals in the 3rd quarter valued at $33,000. Finally, Virtu Financial LLC purchased a new stake in Northern Dynasty Minerals in the third quarter worth $60,000. 10.55% of the stock is currently owned by institutional investors.

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.