Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Down 3.2% - Time to Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price dropped 3.2% on Thursday . The stock traded as low as $1.05 and last traded at $1.06. Approximately 497,497 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 3,426,352 shares. The stock had previously closed at $1.09.

Analyst Ratings Changes

Several research firms have recently commented on NAK. Wall Street Zen raised Northern Dynasty Minerals to a "sell" rating in a report on Wednesday, May 21st. HC Wainwright reaffirmed a "buy" rating and set a $1.30 target price on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.

Northern Dynasty Minerals Stock Down 3.1%

The company has a market capitalization of $563.05 million, a PE ratio of -26.16 and a beta of 0.51. The stock has a 50-day moving average of $1.03 and a 200 day moving average of $0.69.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Plancorp LLC purchased a new position in shares of Northern Dynasty Minerals in the first quarter worth $38,000. Cubist Systematic Strategies LLC bought a new position in shares of Northern Dynasty Minerals in the first quarter worth about $25,000. Tumwater Wealth Management LLC bought a new position in shares of Northern Dynasty Minerals in the first quarter worth approximately $49,000. Walleye Capital LLC bought a new stake in Northern Dynasty Minerals during the first quarter valued at about $115,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in Northern Dynasty Minerals in the 1st quarter worth approximately $460,000. 10.55% of the stock is currently owned by 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.