Northern Dynasty Minerals (NYSEAMERICAN:NAK) Hits New 1-Year High - What's Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares hit a new 52-week high on Tuesday . The stock traded as high as $1.35 and last traded at $1.28, with a volume of 19269873 shares trading hands. The stock had previously closed at $1.16.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Northern Dynasty Minerals to a "sell" rating in a research note on Wednesday, May 21st.

Northern Dynasty Minerals Price Performance

The firm has a market capitalization of $640.26 million, a P/E ratio of -29.75 and a beta of 0.51. The firm has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $0.70.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake 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 valued at $1,890,000 after purchasing an additional 2,022,304 shares in the last quarter. Tidal Investments LLC purchased a new stake in Northern Dynasty Minerals during the fourth quarter worth $143,000. Wells Fargo & Company MN boosted its position in Northern Dynasty Minerals by 8.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock valued at $592,000 after acquiring an additional 78,554 shares in the last quarter. Dauntless Investment Group LLC purchased a new position in shares of Northern Dynasty Minerals in the 4th quarter valued at $1,233,000. Finally, XTX Topco Ltd raised its position in shares of Northern Dynasty Minerals by 197.6% in 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 in the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

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.