Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $0.93 and last traded at $1.00, with a volume of 778620 shares traded. The stock had previously closed at $0.89.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. HC Wainwright reissued a "buy" rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th. StockNews.com started coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They issued a "sell" rating for the company. Finally, Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd.
Check Out Our Latest Stock Report on NAK
Northern Dynasty Minerals Price Performance
The firm has a market capitalization of $648.33 million, a P/E ratio of -30.13 and a beta of 0.51. The firm's fifty day moving average is $0.72.
Hedge Funds Weigh In On Northern Dynasty Minerals
Institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in Northern Dynasty Minerals in the fourth quarter valued at approximately $44,000. Two Sigma Advisers LP bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at $82,000. Two Sigma Investments LP purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at $218,000. Tidal Investments LLC purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at $143,000. Finally, Bank of America Corp DE grew its stake in shares of Northern Dynasty Minerals by 1,042.0% during the 4th quarter. Bank of America Corp DE now owns 138,092 shares of the mining company's stock worth $80,000 after acquiring an additional 126,000 shares during the period. Institutional investors own 10.55% of the company's stock.
Northern Dynasty Minerals Company Profile
(
Get Free Report)
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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