Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Up After Analyst Upgrade

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares gapped up before the market opened on Monday after HC Wainwright raised their price target on the stock from $1.30 to $2.50. The stock had previously closed at $1.40, but opened at $1.70. HC Wainwright currently has a buy rating on the stock. Northern Dynasty Minerals shares last traded at $1.71, with a volume of 10,763,167 shares trading hands.

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

Institutional Investors Weigh In On Northern Dynasty Minerals

Several hedge funds have recently modified their holdings of NAK. Dauntless Investment Group LLC purchased a new stake in Northern Dynasty Minerals during the fourth quarter valued at approximately $1,233,000. BNP Paribas Financial Markets lifted its position in Northern Dynasty Minerals by 164.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock valued at $1,890,000 after acquiring an additional 2,022,304 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Northern Dynasty Minerals during the first quarter valued at approximately $823,000. Nations Financial Group Inc. IA ADV purchased a new stake in Northern Dynasty Minerals during the first quarter valued at approximately $460,000. Finally, Two Sigma Investments LP purchased a new stake in Northern Dynasty Minerals during the fourth quarter valued at approximately $218,000. Hedge funds and other institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Price Performance

The stock's 50-day moving average is $1.23 and its 200 day moving average is $0.87. The company has a market cap of $1.13 billion, a PE ratio of -20.90 and a beta of -0.69.

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.