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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's stock price gapped up prior to trading on Tuesday . The stock had previously closed at $1.16, but opened at $1.21. Northern Dynasty Minerals shares last traded at $1.16, with a volume of 6,204,984 shares.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Stock Down 3.4 %

The company has a market capitalization of $602.59 million, a PE ratio of -28.00 and a beta of 0.51. The business has a fifty day moving average of $0.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NAK. Squarepoint Ops LLC purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth approximately $44,000. Two Sigma Advisers LP purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at $82,000. Two Sigma Investments LP purchased a new position in Northern Dynasty Minerals during the fourth quarter worth about $218,000. Tidal Investments LLC purchased a new position in shares of Northern Dynasty Minerals during the fourth quarter worth about $143,000. Finally, Bank of America Corp DE increased its holdings in shares of Northern Dynasty Minerals by 1,042.0% in the 4th 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 during the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

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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.