Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Up 4.9% - Here's Why

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM rose 4.9% on Wednesday . The company traded as high as $1.40 and last traded at $1.41. Approximately 1,345,118 shares were traded during trading, a decline of 66% from the average daily volume of 3,987,174 shares. The stock had previously closed at $1.34.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Price Performance

The stock's fifty day simple moving average is $1.13 and its two-hundred day simple moving average is $0.78. The company has a market capitalization of $752.45 million, a price-to-earnings ratio of -13.95 and a beta of -0.77.

Institutional Trading of Northern Dynasty Minerals

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of Northern Dynasty Minerals by 164.8% during 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 during the period. Dauntless Investment Group LLC acquired a new position in Northern Dynasty Minerals during the 4th quarter valued at about $1,233,000. Wells Fargo & Company MN raised its position 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 buying an additional 78,554 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth approximately $823,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth approximately $460,000. 10.55% of the stock is currently owned by institutional investors.

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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