Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Down - What's Next?

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM gapped down prior to trading on Tuesday . The stock had previously closed at $0.98, but opened at $0.90. Northern Dynasty Minerals shares last traded at $1.02, with a volume of 2,292,936 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NAK shares. StockNews.com started coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a "sell" rating on the stock. HC Wainwright reaffirmed a "buy" rating and set a $1.30 price target 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 research note on Thursday, January 2nd.

Northern Dynasty Minerals Stock Down 3.4 %

The company has a market cap of $602.59 million, a P/E ratio of -28.00 and a beta of 0.51. The firm's 50-day moving average price is $0.87 and its 200-day moving average price is $0.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at $1,233,000. BNP Paribas Financial Markets raised its position in Northern Dynasty Minerals by 164.8% during 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 purchasing an additional 2,022,304 shares in the last quarter. Two Sigma Investments LP bought a new stake in Northern Dynasty Minerals during the fourth quarter worth about $218,000. Tidal Investments LLC bought a new stake in Northern Dynasty Minerals during the fourth quarter worth about $143,000. Finally, XTX Topco Ltd boosted its holdings in shares of Northern Dynasty Minerals by 197.6% in the 4th quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock worth $177,000 after purchasing an additional 202,580 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company's stock.

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.