StockNews.com began coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK - Free Report) TSE: NDM in a research note issued to investors on Thursday morning. The brokerage issued a sell rating on the mining company's stock.
Separately, HC Wainwright lifted their price target on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a "buy" rating in a research note on Wednesday, November 6th.
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Northern Dynasty Minerals Stock Performance
Shares of NAK stock traded up $0.02 on Thursday, hitting $0.48. 2,358,205 shares of the company's stock traded hands, compared to its average volume of 1,693,873. The firm has a market cap of $255.90 million, a P/E ratio of -11.90 and a beta of 0.55. Northern Dynasty Minerals has a one year low of $0.23 and a one year high of $0.58.
Hedge Funds Weigh In On Northern Dynasty Minerals
Hedge funds and other institutional investors have recently modified their holdings of the company. GAM Holding AG raised its stake in shares of Northern Dynasty Minerals by 56.3% in the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company's stock worth $155,000 after buying an additional 180,000 shares in the last quarter. Herr Investment Group LLC boosted its stake in Northern Dynasty Minerals by 10.7% during the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company's stock worth $3,204,000 after acquiring an additional 999,891 shares during the last quarter. Smith Anglin Financial LLC raised its position in 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 valued at $35,000 after buying an additional 40,000 shares during the last quarter. Cadinha & Co. LLC boosted its holdings in shares of 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 during the period. Finally, BNP Paribas Financial Markets lifted its position in Northern Dynasty Minerals by 673.8% during the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock worth $407,000 after purchasing an additional 1,068,704 shares during the period. 10.55% of the stock is owned by institutional investors and hedge funds.
Northern Dynasty Minerals Company Profile
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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.
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