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

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.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NAK. HC Wainwright reiterated a "buy" rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd.

Northern Dynasty Minerals Stock Performance

The stock has a market capitalization of $575.69 million, a PE ratio of -26.75 and a beta of 0.51. The business's 50-day moving average is $0.90 and its two-hundred day moving average is $0.64.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new stake in Northern Dynasty Minerals in the first quarter valued at $28,000. Allegheny Financial Group acquired a new stake in Northern Dynasty Minerals in the 4th quarter valued at about $30,000. RFG Advisory LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new position in Northern Dynasty Minerals during the 3rd quarter valued at about $33,000. Finally, Squarepoint Ops LLC acquired a new position in Northern Dynasty Minerals during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 10.55% of the company's stock.

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.