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

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM 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.

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

Institutional Trading of Northern Dynasty Minerals

Several institutional investors have recently added to or reduced their stakes in the stock. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth $1,233,000. BNP Paribas Financial Markets lifted its position in shares of Northern Dynasty Minerals by 164.8% during the 4th 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 stake in shares of Northern Dynasty Minerals during the 1st quarter worth $823,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Northern Dynasty Minerals during the 1st quarter worth $460,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth $218,000. Institutional investors and hedge funds own 10.55% of the company's stock.

Northern Dynasty Minerals Stock Performance

The firm has a market capitalization of $1.18 billion, a PE ratio of -21.80 and a beta of -0.69. The company's 50-day moving average price is $1.23 and its 200-day moving average price is $0.87.

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.