Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM saw an uptick in trading volume on Thursday . 4,479,630 shares traded hands during trading, an increase of 63% from the previous session's volume of 2,746,773 shares.The stock last traded at $1.08 and had previously closed at $0.91.
Analyst Upgrades and Downgrades
NAK has been the topic of a number of research analyst reports. StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They issued a "sell" rating on the stock. HC Wainwright reissued a "buy" rating and set a $1.30 target price on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th. Finally, Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd.
View Our Latest Research Report on Northern Dynasty Minerals
Northern Dynasty Minerals Price Performance
The stock has a market cap of $458.94 million, a price-to-earnings ratio of -21.05 and a beta of 0.51. The business's 50 day moving average price is $0.77.
Institutional Investors Weigh In On Northern Dynasty Minerals
Several institutional investors have recently made changes to their positions in NAK. Squarepoint Ops LLC bought a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $44,000. Two Sigma Advisers LP bought a new position in Northern Dynasty Minerals in the 4th 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 bought a new position in shares of Northern Dynasty Minerals in the fourth quarter worth $143,000. Finally, Bank of America Corp DE raised its position in shares of Northern Dynasty Minerals by 1,042.0% in the fourth quarter. Bank of America Corp DE now owns 138,092 shares of the mining company's stock worth $80,000 after buying an additional 126,000 shares in the last quarter. Hedge funds and other 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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