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

Northern Dynasty Minerals logo with Basic Materials background

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.

View Our Latest Stock Analysis on NAK

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

(Get Free Report)

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.

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