Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading 4.9% Higher - Here's Why

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

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Stock Performance

The stock's 50 day moving average price is $1.15 and its 200 day moving average price is $0.80. The company has a market cap of $830.66 million, a price-to-earnings ratio of -15.40 and a beta of -0.77.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in 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 purchasing an additional 78,554 shares during the period. XTX Topco Ltd lifted its stake in shares of 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 in the last quarter. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth about $1,233,000. Allegheny Financial Group acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $30,000. Finally, BNP Paribas Financial Markets grew its stake in shares of 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 buying an additional 2,022,304 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company's stock.

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.