Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Down 5.7% – Time to Sell?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price dropped 5.7% on Tuesday . The company traded as low as $1.59 and last traded at $1.5850. 2,354,155 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 8,153,022 shares. The stock had previously closed at $1.68.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Northern Dynasty Minerals currently has a consensus rating of “Buy” and an average price target of $2.50.

Northern Dynasty Minerals Stock Performance

The company has a market cap of $893.77 million, a P/E ratio of -14.45 and a beta of 0.75. The business’s fifty day moving average is $1.68 and its two-hundred day moving average is $1.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Kovack Advisors Inc. bought a new position in shares of Northern Dynasty Minerals during the 4th quarter worth $27,000. Hibernia Wealth Partners LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter valued at about $30,000. Walleye Capital LLC bought a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at about $32,000. Lazard Asset Management LLC bought a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at approximately $32,000. Finally, Resolute Capital LLC bought a new position in Northern Dynasty Minerals in the fourth quarter worth approximately $33,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.