Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM traded down 8.4% during trading on Monday . The stock traded as low as $1.05 and last traded at $1.02. 1,837,705 shares traded hands during trading, a decline of 39% from the average session volume of 2,991,114 shares. The stock had previously closed at $1.11.
Analyst Ratings Changes
Several research firms have weighed in on NAK. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. StockNews.com initiated coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They set a "sell" rating for the company. Finally, HC Wainwright reiterated a "buy" rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.
Read Our Latest Research Report on Northern Dynasty Minerals
Northern Dynasty Minerals Trading Down 3.4 %
The firm's 50 day simple moving average is $0.87 and its two-hundred day simple moving average is $0.62. The firm has a market cap of $602.59 million, a price-to-earnings ratio of -28.00 and a beta of 0.51.
Institutional Trading of Northern Dynasty Minerals
A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock valued at $1,890,000 after purchasing an additional 2,022,304 shares in the last quarter. Dauntless Investment Group LLC acquired a new position in shares of Northern Dynasty Minerals in the 4th quarter valued at approximately $1,233,000. Wells Fargo & Company MN lifted its holdings in shares of Northern Dynasty Minerals by 8.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock worth $592,000 after acquiring an additional 78,554 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth approximately $218,000. Finally, XTX Topco Ltd lifted its stake in Northern Dynasty Minerals by 197.6% during the fourth quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock worth $177,000 after purchasing an additional 202,580 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors.
About Northern Dynasty Minerals
(
Get Free Report)
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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