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

StockNews.com assumed coverage on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report released on Wednesday morning. The firm issued a sell rating on the mining company’s stock.

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

Northern Dynasty Minerals Stock Performance

Shares of Northern Dynasty Minerals stock opened at $0.45 on Wednesday. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.56. The firm has a market cap of $243.10 million, a price-to-earnings ratio of -11.30 and a beta of 0.53.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Herr Investment Group LLC increased its holdings 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. Russell Investments Group Ltd. lifted its holdings 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 purchasing an additional 94,095 shares during the last quarter. Invenomic Capital Management LP boosted its position in shares of Northern Dynasty Minerals by 145.4% in the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock valued at $2,320,000 after purchasing an additional 4,145,767 shares during the period. Cadinha & Co. LLC increased its stake 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 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% during the 3rd 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 period. Institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

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.