Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sets New 12-Month High - Still a Buy?

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 Wednesday . The company traded as high as $1.36 and last traded at $1.32, with a volume of 2363862 shares. The stock had previously closed at $1.32.

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Price Performance

The firm's 50-day moving average price is $1.05 and its 200-day moving average price is $0.72. The company has a market cap of $648.33 million, a price-to-earnings ratio of -30.13 and a beta of 0.51.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in shares of Northern Dynasty Minerals by 164.8% in the 4th 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. Tidal Investments LLC bought a new position in shares of Northern Dynasty Minerals in the 4th quarter worth about $143,000. Wells Fargo & Company MN lifted its position in shares of Northern Dynasty Minerals by 8.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock worth $592,000 after buying an additional 78,554 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Northern Dynasty Minerals in the 4th quarter worth about $218,000. Finally, Squarepoint Ops LLC bought a new stake in Northern Dynasty Minerals in the 4th quarter valued at about $44,000. 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.