Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Up 5.7% - Time to Buy?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's stock price was up 5.7% during trading on Tuesday . The stock traded as high as $1.04 and last traded at $1.03. Approximately 1,082,064 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 2,923,824 shares. The stock had previously closed at $0.97.

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Stock Performance

The stock has a 50-day moving average price of $0.83 and a two-hundred day moving average price of $0.60. The stock has a market capitalization of $597.21 million, a PE ratio of -27.75 and a beta of 0.51.

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp boosted its stake in Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock worth $31,000 after purchasing an additional 39,500 shares during the period. Virtu Financial LLC bought a new position in shares of Northern Dynasty Minerals during the third quarter worth $60,000. Game Plan Financial Advisors LLC grew its stake in Northern Dynasty Minerals by 29.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock valued at $45,000 after acquiring an additional 18,000 shares in the last quarter. XTX Topco Ltd increased 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 valued at $34,000 after acquiring an additional 52,346 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Northern Dynasty Minerals in the 3rd quarter worth $33,000. 10.55% of the stock is currently owned by 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.