Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sees Large Volume Increase - Should You Buy?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares saw unusually-strong trading volume on Thursday . Approximately 16,076,400 shares traded hands during trading, an increase of 245% from the previous session's volume of 4,663,163 shares.The stock last traded at $2.29 and had previously closed at $2.09.

Analysts Set New Price Targets

NAK has been the topic of a number of research reports. HC Wainwright upped their price objective on Northern Dynasty Minerals from $1.30 to $2.50 and gave the company a "buy" rating in a report on Monday. Wall Street Zen raised Northern Dynasty Minerals to a "sell" rating in a report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Down 0.9%

The company has a market cap of $1.17 billion, a price-to-earnings ratio of -21.60 and a beta of -0.69. The firm has a 50 day moving average price of $1.25 and a two-hundred day moving average price of $0.88.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several large investors have recently added to or reduced their stakes in NAK. Wells Fargo & Company MN grew its stake 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 period. XTX Topco Ltd boosted its holdings in Northern Dynasty Minerals by 197.6% in the fourth 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. Dauntless Investment Group LLC bought a new position in Northern Dynasty Minerals in the fourth quarter worth approximately $1,233,000. Allegheny Financial Group bought a new position in Northern Dynasty Minerals in the fourth quarter worth approximately $30,000. Finally, BNP Paribas Financial Markets boosted its holdings in Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock worth $1,890,000 after acquiring an additional 2,022,304 shares in the last quarter. Institutional investors and hedge funds 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.