Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Down 8.9% - Time to Sell?

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 traded hands during trading, an increase of 155% from the average daily volume of 5,937,288 shares. The stock had previously closed at $1.04.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NAK shares. HC Wainwright boosted their target price on Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Price Performance

The business's fifty day moving average price is $1.35 and its two-hundred day moving average price is $0.94. The stock has a market capitalization of $488.20 million, a PE ratio of -9.05 and a beta of -0.69.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in Northern Dynasty Minerals by 8.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock valued at $592,000 after purchasing an additional 78,554 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Northern Dynasty Minerals by 197.6% in the 4th quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock worth $177,000 after acquiring an additional 202,580 shares during the period. Dauntless Investment Group LLC bought a new stake in Northern Dynasty Minerals during the 4th quarter valued at $1,233,000. Allegheny Financial Group bought a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $30,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Northern Dynasty Minerals by 164.8% in the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock worth $1,890,000 after purchasing an additional 2,022,304 shares in the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

About Northern Dynasty Minerals

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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