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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.12 and last traded at $1.15, with a volume of 6996047 shares. 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 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

Northern Dynasty Minerals Trading Up 3.3 %

The firm has a market cap of $594.52 million, a PE ratio of -27.63 and a beta of 0.51. The business has a fifty day moving average price of $0.92 and a 200 day moving average price of $0.64.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dauntless Investment Group LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter worth $1,233,000. BNP Paribas Financial Markets grew its holdings in shares of Northern Dynasty Minerals by 164.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock worth $1,890,000 after buying an additional 2,022,304 shares during the last quarter. Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals in the 4th quarter valued at about $218,000. Tidal Investments LLC purchased a new stake in Northern Dynasty Minerals during the 4th quarter valued at approximately $143,000. Finally, XTX Topco Ltd lifted its position in Northern Dynasty Minerals by 197.6% during the 4th quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock worth $177,000 after acquiring an additional 202,580 shares during the period. 10.55% of the stock is currently 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.