Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sees Strong Trading Volume - Still a Buy?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM saw strong trading volume on Friday . 3,287,125 shares traded hands during trading, an increase of 6% from the previous session's volume of 3,092,313 shares.The stock last traded at $1.21 and had previously closed at $1.16.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NAK shares. HC Wainwright reissued a "buy" rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th. Canaccord Genuity Group raised Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Up 2.7 %

The firm's 50 day simple moving average is $0.88 and its 200 day simple moving average is $0.62. The company has a market capitalization of $618.73 million, a PE ratio of -28.75 and a beta of 0.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock valued at $31,000 after purchasing an additional 39,500 shares during the period. Virtu Financial LLC purchased a new stake in shares of Northern Dynasty Minerals during the third quarter valued at $60,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals during the third quarter valued at $33,000. Smith Anglin Financial LLC boosted its stake in shares of Northern Dynasty Minerals by 19.0% during the fourth quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company's stock valued at $73,000 after purchasing an additional 20,000 shares during the period. Finally, RFG Advisory LLC purchased a new stake in shares of Northern Dynasty Minerals during the fourth quarter valued at $31,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Company Profile

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.