StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK - Free Report) TSE: NDM in a report released on Saturday morning. The firm issued a sell rating on the mining company's stock.
Separately, HC Wainwright increased their target price on Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a "buy" rating in a report on Wednesday, November 6th.
Read Our Latest Analysis on Northern Dynasty Minerals
Northern Dynasty Minerals Price Performance
NAK stock remained flat at $0.49 during mid-day trading on Friday. The company's stock had a trading volume of 1,821,860 shares, compared to its average volume of 2,080,412. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.56.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of NAK. GAM Holding AG grew its stake in shares of 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 acquiring an additional 180,000 shares during the last quarter. Herr Investment Group LLC boosted its stake 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. Smith Anglin Financial LLC grew its position in 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 purchasing an additional 40,000 shares during the last quarter. Cadinha & Co. LLC increased its stake in 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 valued at $464,000 after purchasing an additional 400,000 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock worth $407,000 after buying an additional 1,068,704 shares during the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.
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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