StockNews.com Begins Coverage on Northern Dynasty Minerals (NYSEAMERICAN:NAK)

StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report published on Thursday. The brokerage issued 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 report on Wednesday, November 6th.

Northern Dynasty Minerals Stock Up 4.3 %

NYSEAMERICAN:NAK opened at $0.48 on Thursday. Northern Dynasty Minerals has a 1 year low of $0.23 and a 1 year high of $0.58. The stock has a market capitalization of $255.90 million, a price-to-earnings ratio of -11.90 and a beta of 0.55.

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently modified their holdings of NAK. Herr Investment Group LLC increased its holdings in Northern Dynasty Minerals by 10.7% in the 2nd 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 grew its holdings in shares of Northern Dynasty Minerals by 145.4% during 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 raised its stake in shares of Northern Dynasty Minerals by 40.0% in the third 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 last quarter. BNP Paribas Financial Markets grew its stake in shares of Northern Dynasty Minerals by 673.8% in 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 in the last quarter. Finally, GAM Holding AG boosted its position 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 worth $155,000 after purchasing an additional 180,000 shares during the last quarter. 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.