Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares dropped 8.9% during mid-day trading on Monday . The stock traded as low as $0.88 and last traded at $0.95. Approximately 15,124,489 shares were traded during mid-day trading, an increase of 155% from the average daily volume of 5,937,288 shares. The stock had previously closed at $1.04.
Wall Street Analysts Forecast Growth
NAK has been the topic of several recent analyst reports. HC Wainwright lifted their price target on Northern Dynasty Minerals from $1.30 to $2.50 and gave the company a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded Northern Dynasty Minerals to a "sell" rating in a research note on Wednesday, May 21st.
View Our Latest Stock Analysis on NAK
Northern Dynasty Minerals Stock Performance
The company has a market cap of $472.07 million, a price-to-earnings ratio of -8.75 and a beta of -0.69. The company has a fifty day moving average of $1.35 and a two-hundred day moving average of $0.95.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in NAK. Smith Anglin Financial LLC increased its position in Northern Dynasty Minerals by 8.0% in the 2nd quarter. Smith Anglin Financial LLC now owns 135,000 shares of the mining company's stock valued at $181,000 after buying an additional 10,000 shares in the last quarter. Dakota Wealth Management bought a new stake in Northern Dynasty Minerals in the 2nd quarter valued at about $40,000. Ballentine Partners LLC increased its holdings in Northern Dynasty Minerals by 121.0% during the 2nd quarter. Ballentine Partners LLC now owns 28,237 shares of the mining company's stock worth $38,000 after purchasing an additional 15,459 shares in the last quarter. Scratch Capital LLC purchased a new stake in shares of Northern Dynasty Minerals in the second quarter worth approximately $71,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Northern Dynasty Minerals by 37.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company's stock valued at $26,000 after purchasing an additional 5,000 shares in the last quarter. 10.55% of the stock is 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.
Featured Stories
Before you consider Northern Dynasty Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Dynasty Minerals wasn't on the list.
While Northern Dynasty Minerals currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access