Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sets New 12-Month Low - Should You Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.12 and last traded at $1.15, with a volume of 6996047 shares traded. The stock had previously closed at $1.22.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a "buy" rating and issued a $1.30 target price on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.

Northern Dynasty Minerals Stock Performance

The company has a market cap of $570.31 million, a price-to-earnings ratio of -26.50 and a beta of 0.51. The firm's 50-day moving average price is $0.91 and its 200 day moving average price is $0.64.

Institutional Investors Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Northern Dynasty Minerals in the third quarter worth $60,000. Wilmington Savings Fund Society FSB acquired a new stake in Northern Dynasty Minerals during the 3rd quarter worth $33,000. Smith Anglin Financial LLC lifted its holdings in Northern Dynasty Minerals by 19.0% during the fourth quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company's stock worth $73,000 after acquiring an additional 20,000 shares in the last quarter. RFG Advisory LLC acquired a new position in Northern Dynasty Minerals in the fourth quarter valued at about $31,000. Finally, Game Plan Financial Advisors LLC increased its holdings in shares of Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock worth $45,000 after acquiring an additional 18,000 shares in the last quarter. Institutional investors own 10.55% of the company's stock.

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.