Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sets New 1-Year High - Still a Buy?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares reached a new 52-week high on Monday . The company 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.

Analysts Set New Price Targets

NAK has been the topic of a number of research analyst reports. HC Wainwright reissued a "buy" rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd. Finally, StockNews.com started coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They set a "sell" rating for the company.

Northern Dynasty Minerals Price Performance

The company has a 50-day moving average price of $0.73. The stock has a market cap of $602.59 million, a P/E ratio of -28.00 and a beta of 0.51.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new stake in Northern Dynasty Minerals during the 4th quarter valued at $44,000. Two Sigma Advisers LP purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at $82,000. Two Sigma Investments LP purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at $218,000. Tidal Investments LLC bought a new stake in shares of Northern Dynasty Minerals in the 4th quarter worth about $143,000. Finally, Bank of America Corp DE boosted 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 purchasing an additional 126,000 shares during the period. Institutional investors own 10.55% of the company's stock.

Remove Ads

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.