Northern Dynasty Minerals (NYSEAMERICAN:NAK) Reaches New 52-Week High on Analyst Upgrade

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM reached a new 52-week high on Tuesday after HC Wainwright raised their price target on the stock from $1.30 to $2.50. HC Wainwright currently has a buy rating on the stock. Northern Dynasty Minerals traded as high as $1.81 and last traded at $1.79, with a volume of 33597688 shares. The stock had previously closed at $1.40.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dauntless Investment Group LLC bought a new position in shares of Northern Dynasty Minerals during the 4th quarter worth approximately $1,233,000. BNP Paribas Financial Markets increased its position 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 purchasing an additional 2,022,304 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Northern Dynasty Minerals during the 1st quarter valued at about $823,000. Nations Financial Group Inc. IA ADV acquired a new position in Northern Dynasty Minerals during the 1st quarter valued at about $460,000. Finally, Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals during the 4th quarter valued at about $218,000. 10.55% of the stock is owned by institutional investors.

Northern Dynasty Minerals Trading Up 27.9%

The company has a 50-day moving average of $1.20 and a 200-day moving average of $0.85. The company has a market capitalization of $965.51 million, a price-to-earnings ratio of -17.90 and a beta of -0.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.