Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Up 8.4% - Still a Buy?

Key Points

• Northern Dynasty Minerals (NAK) shares rose 8.4% to $1.225 on Tuesday with 4.69 million shares traded, below its average session volume.
• HC Wainwright reaffirmed a "Buy" rating and a $2.50 price target; MarketBeat shows a consensus "Buy" with an average target of $2.50.
• The company has a market cap of about $697.2M, a negative P/E, 50- and 200-day moving averages at $1.75, institutions own ~10.55%, and its flagship asset is the Pebble Project in Alaska.

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares traded up 8.4% on Tuesday . The stock traded as high as $1.2199 and last traded at $1.2250. 4,686,685 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 11,081,923 shares. The stock had previously closed at $1.13.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Northern Dynasty Minerals has a consensus rating of "Buy" and an average target price of $2.50.

Northern Dynasty Minerals Stock Up 10.2%

The company's 50 day moving average price is $1.75 and its 200 day moving average price is $1.75. The firm has a market capitalization of $697.19 million, a price-to-earnings ratio of -10.37 and a beta of 0.09.

Institutional Trading of Northern Dynasty Minerals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PFG Investments LLC raised its stake in shares of Northern Dynasty Minerals by 91.6% in the third quarter. PFG Investments LLC now owns 21,081 shares of the mining company's stock worth $25,000 after purchasing an additional 10,081 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Northern Dynasty Minerals in the first quarter valued at approximately $25,000. Investment Planning Advisors Inc. acquired a new position in Northern Dynasty Minerals in the 4th quarter worth approximately $26,000. Brookstone Capital Management acquired a new position in Northern Dynasty Minerals in the 4th quarter worth approximately $26,000. Finally, Merit Financial Group LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 10.55% of the company's stock.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company's flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.

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