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

StockNews.com began coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research note released on Thursday. The firm issued a sell rating on the mining company’s stock.

Separately, HC Wainwright raised 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.

Northern Dynasty Minerals Stock Performance

Shares of NAK stock traded down $0.01 on Thursday, reaching $0.49. 1,833,902 shares of the company’s stock were exchanged, compared to its average volume of 1,616,872. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.56. The firm has a market capitalization of $265.69 million, a P/E ratio of -12.96 and a beta of 0.53.

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, sell-side analysts forecast that Northern Dynasty Minerals will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cadinha & Co. LLC increased its holdings in shares of 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 worth $464,000 after purchasing an additional 400,000 shares during the period. Smith Anglin Financial LLC increased 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 valued at $35,000 after purchasing an additional 40,000 shares in the last quarter. Herr Investment Group LLC increased its position in shares of 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 worth $3,204,000 after acquiring an additional 999,891 shares in the last quarter. GAM Holding AG lifted its stake in Northern Dynasty Minerals by 56.3% in the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after acquiring an additional 180,000 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Northern Dynasty Minerals by 1.3% in 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 purchasing an additional 94,095 shares during the period. Institutional investors and hedge funds own 10.55% of the company’s stock.

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.