Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sees Unusually-High Trading Volume - Still a Buy?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares saw strong trading volume on Friday . Approximately 3,287,125 shares changed hands during trading, an increase of 6% from the previous session's volume of 3,092,313 shares.The stock last traded at $1.21 and had previously closed at $1.16.

Analyst Ratings Changes

A number of research firms have weighed in on NAK. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd. HC Wainwright restated a "buy" rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.

Northern Dynasty Minerals Price Performance

The business's fifty day moving average price is $0.89 and its 200 day moving average price is $0.63. The company has a market cap of $618.73 million, a price-to-earnings ratio of -28.75 and a beta of 0.51.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp grew its holdings in shares of Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock valued at $31,000 after acquiring an additional 39,500 shares in the last quarter. Virtu Financial LLC purchased a new position in Northern Dynasty Minerals in the third quarter worth $60,000. Wilmington Savings Fund Society FSB bought a new position in Northern Dynasty Minerals in the 3rd quarter valued at $33,000. Smith Anglin Financial LLC increased its position in shares of Northern Dynasty Minerals by 19.0% during the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company's stock valued at $73,000 after purchasing an additional 20,000 shares during the last quarter. Finally, RFG Advisory LLC bought a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth $31,000. Institutional investors 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.