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

StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK - Free Report) TSE: NDM in a research note published on Friday morning. The brokerage issued a sell rating on the mining company's stock.

Separately, HC Wainwright boosted 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 note on Wednesday, November 6th.

Northern Dynasty Minerals Trading Down 3.0 %

Shares of NAK traded down $0.02 during mid-day trading on Friday, reaching $0.50. 2,534,032 shares of the company's stock were exchanged, compared to its average volume of 1,679,792. The firm has a market cap of $270.26 million, a PE ratio of -12.53 and a beta of 0.55. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.58.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp raised its position in shares of Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock valued at $31,000 after purchasing an additional 39,500 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Dynasty Minerals in the third quarter valued at approximately $33,000. XTX Topco Ltd raised its holdings in shares of Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company's stock valued at $34,000 after buying an additional 52,346 shares during the last quarter. Smith Anglin Financial LLC raised its holdings in shares of Northern Dynasty Minerals by 61.5% during the third 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 during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Northern Dynasty Minerals during the third quarter worth approximately $60,000. 10.55% of the stock is currently owned by hedge funds and other 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.