Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Up 4.7% - What's Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price traded up 4.7% during mid-day trading on Friday . The stock traded as high as $1.23 and last traded at $1.22. 5,302,752 shares were traded during mid-day trading, an increase of 103% from the average session volume of 2,611,197 shares. The stock had previously closed at $1.16.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd. StockNews.com started coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They set a "sell" rating on the stock. Finally, HC Wainwright reissued a "buy" rating and issued a $1.30 target price on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

Northern Dynasty Minerals Stock Down 3.5 %

The firm's fifty day simple moving average is $0.74. The firm has a market capitalization of $597.21 million, a price-to-earnings ratio of -27.75 and a beta of 0.51.

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invenomic Capital Management LP lifted its stake in shares of Northern Dynasty Minerals by 145.4% in the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company's stock worth $2,320,000 after acquiring an additional 4,145,767 shares during the period. BNP Paribas Financial Markets raised its holdings 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 worth $1,890,000 after purchasing an additional 2,022,304 shares in the last quarter. Dauntless Investment Group LLC acquired a new stake in Northern Dynasty Minerals in the fourth quarter valued at about $1,233,000. Wells Fargo & Company MN boosted its holdings in Northern Dynasty Minerals by 8.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock valued at $592,000 after purchasing an additional 78,554 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals during the 4th quarter worth approximately $218,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

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.