Northern Dynasty Minerals (NYSEAMERICAN:NAK) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report released on Thursday. The firm set a “sell” rating on the mining company’s stock.

Separately, HC Wainwright raised 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.

Northern Dynasty Minerals Price Performance

Shares of NYSEAMERICAN:NAK remained flat at $0.52 during midday trading on Thursday. 5,722,835 shares of the company traded hands, compared to its average volume of 1,615,717. The firm has a market cap of $278.75 million, a price-to-earnings ratio of -12.96 and a beta of 0.53. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.56.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share for the quarter. Equities research analysts forecast that Northern Dynasty Minerals will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Northern Dynasty Minerals during the first quarter valued at approximately $4,228,000. Herr Investment Group LLC increased its stake in shares of Northern Dynasty Minerals by 10.7% during 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 acquiring an additional 999,891 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Northern Dynasty Minerals by 1.3% during the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after acquiring an additional 94,095 shares during the period. Cadinha & Co. LLC increased its stake in shares of 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 valued at $464,000 after acquiring an additional 400,000 shares during the period. Finally, GAM Holding AG increased its stake in shares of Northern Dynasty Minerals by 56.3% during the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after acquiring an additional 180,000 shares during the period. Institutional investors and hedge funds own 10.55% of the company’s stock.

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.