Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Down 5.7% - Time to Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares traded down 5.7% during trading on Tuesday . The company traded as low as $1.09 and last traded at $1.09. 3,524,622 shares were traded during trading, an increase of 32% from the average session volume of 2,668,722 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NAK shares. StockNews.com initiated coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a "sell" rating for the company. HC Wainwright reiterated a "buy" rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Finally, Canaccord Genuity Group raised Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Down 16.6 %

The firm has a market cap of $471.37 million, a PE ratio of -21.90 and a beta of 0.51. The business's 50 day moving average is $0.76.

Institutional Trading of Northern Dynasty Minerals

Several large investors have recently made changes to their positions in the stock. Allegheny Financial Group bought a new stake in Northern Dynasty Minerals during the fourth quarter worth approximately $30,000. RFG Advisory LLC acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth $31,000. Stifel Financial Corp boosted its holdings in shares of Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock worth $31,000 after buying an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Northern Dynasty Minerals in the 3rd quarter valued at $33,000. Finally, XTX Topco Ltd raised its holdings in Northern Dynasty Minerals by 104.4% in the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company's stock worth $34,000 after acquiring an additional 52,346 shares during the period. Institutional investors own 10.55% of the company's stock.

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.