Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Down - Time to Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares gapped down before the market opened on Tuesday . The stock had previously closed at $0.98, but opened at $0.90. Northern Dynasty Minerals shares last traded at $1.02, with a volume of 2,292,936 shares changing hands.

Analysts Set New Price Targets

NAK has been the topic of several recent analyst reports. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd. HC Wainwright reiterated a "buy" rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.

Northern Dynasty Minerals Trading Down 3.4 %

The stock has a market capitalization of $602.59 million, a P/E ratio of -28.00 and a beta of 0.51. The business has a 50-day moving average price of $0.87 and a 200 day moving average price of $0.62.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several institutional investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC purchased a new stake in shares of Northern Dynasty Minerals in the first quarter valued at $100,000. Aletheian Wealth Advisors LLC bought a new position in Northern Dynasty Minerals during the 1st quarter valued at about $102,000. Squarepoint Ops LLC purchased a new stake in Northern Dynasty Minerals in the 4th quarter worth about $44,000. Two Sigma Advisers LP purchased a new stake in Northern Dynasty Minerals in the 4th quarter worth about $82,000. Finally, Two Sigma Investments LP bought a new stake in Northern Dynasty Minerals in the fourth quarter worth about $218,000. 10.55% of the stock is owned by institutional investors.

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.