Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Up - Time to Buy?

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM gapped up before the market opened on Monday . The stock had previously closed at $1.12, but opened at $1.15. Northern Dynasty Minerals shares last traded at $1.13, with a volume of 562,610 shares.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and set a $1.30 price target on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.

Northern Dynasty Minerals Trading Down 0.9 %

The firm has a market cap of $570.31 million, a price-to-earnings ratio of -26.50 and a beta of 0.51. The firm's 50 day simple moving average is $0.91 and its two-hundred day simple moving average is $0.64.

Institutional Trading of Northern Dynasty Minerals

Large investors have recently modified their holdings of the stock. Game Plan Financial Advisors LLC lifted its position in Northern Dynasty Minerals by 29.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock worth $45,000 after purchasing an additional 18,000 shares during the period. Smith Anglin Financial LLC boosted its position in shares of Northern Dynasty Minerals by 19.0% during the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company's stock worth $73,000 after acquiring an additional 20,000 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Northern Dynasty Minerals by 571.6% in the first quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company's stock valued at $31,000 after acquiring an additional 23,042 shares during the last quarter. Allworth Financial LP acquired a new position in Northern Dynasty Minerals during the first quarter valued at approximately $28,000. Finally, Allegheny Financial Group acquired a new position in Northern Dynasty Minerals during the fourth quarter valued at approximately $30,000. 10.55% of the stock is owned by institutional investors and hedge funds.

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.