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

Equities research analysts at StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM in a note issued to investors on Friday. The firm set a "sell" rating on the mining company's stock.

Separately, HC Wainwright boosted their price objective on shares of 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 Down 1.2 %

Shares of NAK traded down $0.01 during mid-day trading on Friday, reaching $0.57. 2,793,676 shares of the stock traded hands, compared to its average volume of 1,712,927. Northern Dynasty Minerals has a 12-month low of $0.23 and a 12-month high of $0.58. The firm has a market capitalization of $306.50 million, a P/E ratio of -14.25 and a beta of 0.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Northern Dynasty Minerals by 71.8% during the third 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 during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth about $33,000. XTX Topco Ltd raised its position in shares of Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company's stock worth $34,000 after buying an additional 52,346 shares in the last quarter. Smith Anglin Financial LLC lifted its stake in shares of Northern Dynasty Minerals by 61.5% in the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company's stock worth $35,000 after acquiring an additional 40,000 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Northern Dynasty Minerals in the third quarter valued at approximately $60,000. 10.55% of the stock is owned by institutional investors and hedge funds.

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.