Northern Dynasty Minerals (NYSEAMERICAN:NAK) Now Covered by StockNews.com

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

Separately, HC Wainwright increased their price objective 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 Performance

NYSEAMERICAN NAK opened at $0.57 on Friday. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.58. The company has a market cap of $306.50 million, a price-to-earnings ratio of -14.25 and a beta of 0.55.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of large investors have recently bought and sold shares of the business. Herr Investment Group LLC boosted its stake 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 in the last quarter. Invenomic Capital Management LP raised its holdings 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 valued at $2,320,000 after buying an additional 4,145,767 shares during the last quarter. Cadinha & Co. LLC lifted its position 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 worth $464,000 after buying an additional 400,000 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Northern Dynasty Minerals by 673.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock worth $407,000 after acquiring an additional 1,068,704 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Northern Dynasty Minerals in the 3rd quarter valued at about $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.