Northern Dynasty Minerals Ltd (NAK) Short Interest Down 2.0% in September
Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) saw a large decline in short interest in the month of September. As of September 14th, there was short interest totalling 22,280,398 shares, a decline of 2.0% from the August 31st total of 22,723,715 shares. Based on an average trading volume of 504,971 shares, the days-to-cover ratio is presently 44.1 days.
A number of equities analysts recently issued reports on NAK shares. HC Wainwright set a $3.00 price objective on Northern Dynasty Minerals and gave the company a “buy” rating in a report on Thursday, August 16th. Zacks Investment Research cut Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $1.75.
A hedge fund recently raised its stake in Northern Dynasty Minerals stock. Russell Investments Group Ltd. grew its position in Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 41.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,667,246 shares of the mining company’s stock after buying an additional 1,377,455 shares during the quarter. Russell Investments Group Ltd. owned 1.50% of Northern Dynasty Minerals worth $4,298,000 at the end of the most recent reporting period.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its earnings results on Thursday, August 9th. The mining company reported ($0.07) earnings per share for the quarter.
About Northern Dynasty Minerals
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
Featured Story: How to Profit and Limit Losses With Stop Orders
Receive News & Ratings for Northern Dynasty Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Dynasty Minerals and related companies with MarketBeat.com's FREE daily email newsletter.