Northern Dynasty Minerals (NASDAQ:NAK) Trading Down 11% – What’s Next?

Northern Dynasty Minerals Ltd (NASDAQ:NAK)’s share price was down 11% on Thursday . The stock traded as low as $2.18 and last traded at $2.19. Approximately 10,542,570 shares were traded during trading, a decline of 9% from the average daily volume of 11,644,689 shares. The stock had previously closed at $2.46.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Northern Dynasty Minerals has an average rating of “Buy” and a consensus price target of $2.50.

Northern Dynasty Minerals Stock Performance

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -18.83 and a beta of -0.06. The firm’s 50-day moving average is $2.05.

Institutional Investors Weigh In On Northern Dynasty Minerals

Large investors have recently modified their holdings of the business. GAM Holding AG increased its holdings in Northern Dynasty Minerals by 23.9% in the 3rd quarter. GAM Holding AG now owns 3,469,100 shares of the company’s stock worth $4,163,000 after buying an additional 669,100 shares during the period. Brookwood Investment Group LLC acquired a new position in shares of Northern Dynasty Minerals during the 3rd quarter valued at about $63,000. Perigon Wealth Management LLC acquired a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth about $228,000. Range Financial Group LLC raised its position in Northern Dynasty Minerals by 400.0% in the third quarter. Range Financial Group LLC now owns 50,000 shares of the company’s stock valued at $60,000 after purchasing an additional 40,000 shares during the period. Finally, Advance Capital Management Inc. acquired a new stake in shares of Northern Dynasty Minerals during the third quarter worth about $27,000. Hedge funds and other 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. Its principal mineral property is 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, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd.