Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading 5% Higher - Here's Why

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's stock price traded up 5% during trading on Tuesday . The stock traded as high as $1.34 and last traded at $1.36. 2,459,703 shares traded hands 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 raised shares of Northern Dynasty Minerals to a "sell" rating in a report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Performance

The company has a 50-day moving average of $1.11 and a 200-day moving average of $0.76. The stock has a market cap of $717.39 million, a price-to-earnings ratio of -13.30 and a beta of -0.77.

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of large investors have recently modified their holdings of NAK. Plancorp LLC acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth approximately $38,000. Cubist Systematic Strategies LLC purchased a new stake in Northern Dynasty Minerals during the first quarter worth $25,000. Tumwater Wealth Management LLC acquired a new stake in Northern Dynasty Minerals in the first quarter valued at $49,000. Walleye Capital LLC acquired a new stake in Northern Dynasty Minerals in the first quarter valued at $115,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Northern Dynasty Minerals in the first quarter valued at $460,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

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.