Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $1.56 and last traded at $1.55, with a volume of 16102281 shares. The stock had previously closed at $1.34.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Northern Dynasty Minerals to a "sell" rating in a research note on Wednesday, May 21st.
Read Our Latest Report on NAK
Northern Dynasty Minerals Stock Performance
The stock has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $0.79. The firm has a market cap of $836.05 million, a P/E ratio of -15.50 and a beta of -0.77.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in NAK. Dauntless Investment Group LLC purchased a new position in shares of Northern Dynasty Minerals in the 4th quarter worth $1,233,000. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 2,022,304 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Northern Dynasty Minerals in the first quarter worth about $823,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at about $460,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at about $218,000. 10.55% of the stock is owned by hedge funds and other institutional investors.
About Northern Dynasty Minerals
(
Get Free Report)
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.
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