Northern Dynasty Minerals (NYSEAMERICAN:NAK) Now Covered by Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK – Free Report) (TSE:NDM) in a research report released on Monday morning. The brokerage issued a sell rating on the mining company’s stock.

Separately, HC Wainwright increased their price target on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Read Our Latest Research Report on NAK

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN:NAK opened at $0.44 on Monday. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.56. The stock has a market cap of $236.92 million, a P/E ratio of -11.02 and a beta of 0.53.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NAK. Herr Investment Group LLC grew its holdings in 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 purchasing an additional 999,891 shares during the period. Invenomic Capital Management LP raised its position in Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after acquiring an additional 4,145,767 shares during the period. Cadinha & Co. LLC raised its position in Northern Dynasty Minerals by 40.0% during the third 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. BNP Paribas Financial Markets lifted its holdings 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 valued at $407,000 after purchasing an additional 1,068,704 shares in the last quarter. Finally, GAM Holding AG grew its position 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 valued at $155,000 after purchasing an additional 180,000 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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