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

Research analysts at StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report issued on Wednesday. The brokerage set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright lifted their target price on Northern Dynasty Minerals from $0.80 to $1.30 and gave the company 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. Northern Dynasty Minerals has a 12-month low of $0.23 and a 12-month high of $0.56. The company has a market cap of $239.39 million, a P/E ratio of -11.13 and a beta of 0.53.

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

Institutional Trading of Northern Dynasty Minerals

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 valued at $35,000 after buying an additional 40,000 shares in the last quarter. GAM Holding AG raised its holdings in Northern Dynasty Minerals by 56.3% during 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 period. Cadinha & Co. LLC lifted its position 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 valued at $464,000 after acquiring an additional 400,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake 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 worth $2,356,000 after acquiring an additional 94,095 shares during the period. Finally, Herr Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals during the first quarter worth about $2,986,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

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.