StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK - Free Report) TSE: NDM in a research note released on Sunday morning. The firm issued 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 research report on Wednesday, November 6th.
View Our Latest Stock Analysis on NAK
Northern Dynasty Minerals Price Performance
Northern Dynasty Minerals stock remained flat at $0.44 during midday trading on Friday. The company had a trading volume of 474,523 shares, compared to its average volume of 3,233,344. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.56.
Institutional Investors Weigh In On Northern Dynasty Minerals
Institutional investors have recently added to or reduced their stakes in the company. GAM Holding AG boosted its position in Northern Dynasty Minerals by 56.3% during the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company's stock worth $155,000 after purchasing an additional 180,000 shares during the period. Herr Investment Group LLC grew its stake in shares of Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company's stock valued at $3,204,000 after buying an additional 999,891 shares in the last quarter. Smith Anglin Financial LLC raised its holdings 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 during the period. Cadinha & Co. LLC boosted its holdings in Northern Dynasty Minerals by 40.0% in the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock worth $464,000 after acquiring an additional 400,000 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Northern Dynasty Minerals by 673.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock worth $407,000 after acquiring an additional 1,068,704 shares during the period. Hedge funds and other institutional investors own 10.55% of the company's stock.
About Northern Dynasty Minerals
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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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