Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM saw unusually-high trading volume on Wednesday . Approximately 5,038,556 shares were traded during mid-day trading, an increase of 70% from the previous session's volume of 2,958,046 shares.The stock last traded at $1.11 and had previously closed at $1.08.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. StockNews.com started coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a "sell" rating on the stock. HC Wainwright reissued a "buy" rating and issued a $1.30 target price on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th. Finally, Canaccord Genuity Group upgraded 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 Trading Down 12.1 %
The stock has a 50-day simple moving average of $0.83 and a 200-day simple moving average of $0.60. The company has a market capitalization of $524.85 million, a price-to-earnings ratio of -24.39 and a beta of 0.51.
Institutional Investors Weigh In On Northern Dynasty Minerals
A number of institutional investors have recently added to or reduced their stakes in the company. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth approximately $1,233,000. BNP Paribas Financial Markets lifted its stake in Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock valued at $1,890,000 after acquiring an additional 2,022,304 shares during the last quarter. Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals during the fourth quarter worth $218,000. Tidal Investments LLC bought a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $143,000. Finally, XTX Topco Ltd boosted its holdings in Northern Dynasty Minerals by 197.6% during the fourth quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock valued at $177,000 after acquiring an additional 202,580 shares during the period. 10.55% of the stock is currently owned by institutional investors and hedge funds.
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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