Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Expected to Rise, HC Wainwright Analyst Says

Northern Dynasty Minerals (NYSEAMERICAN:NAK - Free Report) TSE: NDM had its target price raised by HC Wainwright from $1.30 to $2.50 in a report released on Monday,Benzinga reports. They currently have a buy rating on the mining company's stock.

Separately, Wall Street Zen upgraded Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Up 27.9%

Shares of NYSEAMERICAN:NAK traded up $0.39 during trading on Monday, hitting $1.79. 33,597,688 shares of the company traded hands, compared to its average volume of 4,420,266. The stock has a market capitalization of $965.51 million, a price-to-earnings ratio of -17.90 and a beta of -0.69. The business's fifty day moving average is $1.20 and its 200-day moving average is $0.85. Northern Dynasty Minerals has a one year low of $0.30 and a one year high of $1.81.

Institutional Trading of Northern Dynasty Minerals

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in 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. Dauntless Investment Group LLC bought a new stake in Northern Dynasty Minerals during the 4th quarter worth approximately $1,233,000. Wells Fargo & Company MN boosted its holdings in Northern Dynasty Minerals by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock worth $592,000 after purchasing an additional 78,554 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Northern Dynasty Minerals during the first quarter worth about $823,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in Northern Dynasty Minerals in the first quarter valued at about $460,000. 10.55% of the stock is owned by institutional investors and hedge funds.

About Northern Dynasty Minerals

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.