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

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM gapped down before the market opened on Friday . The stock had previously closed at $1.63, but opened at $0.88. Northern Dynasty Minerals shares last traded at $0.97, with a volume of 70,567,198 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. HC Wainwright raised their price objective on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Down 2.0%

The stock has a market capitalization of $478.44 million, a P/E ratio of -8.87 and a beta of -0.69. The stock has a 50 day simple moving average of $1.35 and a two-hundred day simple moving average of $0.94.

Hedge Funds Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Northern Dynasty Minerals in the first quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC increased its holdings in Northern Dynasty Minerals by 37.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company's stock valued at $26,000 after purchasing an additional 5,000 shares during the period. Allworth Financial LP purchased a new position in shares of Northern Dynasty Minerals during the 1st quarter worth approximately $28,000. Allium Financial Advisors LLC bought a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth approximately $29,000. Finally, Allegheny Financial Group bought a new stake in shares of Northern Dynasty Minerals in the 4th quarter worth approximately $30,000. 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.