Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Up 5% - Time to Buy?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shot up 5% on Tuesday . The company traded as high as $1.34 and last traded at $1.36. 2,459,703 shares were traded during trading, a decline of 36% from the average session volume of 3,871,244 shares. The stock had previously closed at $1.29.

Analysts Set New Price Targets

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

Northern Dynasty Minerals Stock Performance

The business has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $0.74. The firm has a market capitalization of $712.89 million, a price-to-earnings ratio of -33.13 and a beta of 0.51.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter valued at approximately $25,000. Allworth Financial LP purchased a new position in Northern Dynasty Minerals during the first quarter worth $28,000. Allium Financial Advisors LLC acquired a new position in Northern Dynasty Minerals in the first quarter valued at $29,000. SBI Securities Co. Ltd. increased its stake in Northern Dynasty Minerals by 571.6% during the first quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company's stock worth $31,000 after acquiring an additional 23,042 shares during the last quarter. Finally, Plancorp LLC acquired a new stake in shares of Northern Dynasty Minerals in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 10.55% of the company's stock.

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.

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