Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading Up 4.7% – What’s Next?

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

Wall Street Analysts Forecast Growth

NAK has been the topic of several research reports. HC Wainwright restated a “buy” rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th. StockNews.com initiated coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They set a “sell” rating on the stock. Finally, Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd.

Northern Dynasty Minerals Trading Down 3.4 %

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

Institutional Investors Weigh In On Northern Dynasty Minerals

Large investors have recently added to or reduced their stakes in the stock. Allegheny Financial Group acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $30,000. RFG Advisory LLC acquired a new stake in Northern Dynasty Minerals in the 4th quarter valued at approximately $31,000. Squarepoint Ops LLC acquired a new stake in Northern Dynasty Minerals in the 4th quarter valued at approximately $44,000. Game Plan Financial Advisors LLC raised its stake in Northern Dynasty Minerals by 29.5% during the 4th 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. Finally, Stifel Financial Corp boosted its position in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after acquiring an additional 39,500 shares during the period. 10.55% of the stock is owned by institutional investors and hedge funds.

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.