Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM was down 5.6% during mid-day trading on Monday . The stock traded as low as $0.99 and last traded at $0.99. Approximately 2,943,889 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 3,305,042 shares. The stock had previously closed at $1.05.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a "buy" rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.
View Our Latest Analysis on Northern Dynasty Minerals
Northern Dynasty Minerals Stock Up 0.5%
The stock has a 50-day moving average of $0.99 and a 200 day moving average of $0.67. The stock has a market cap of $500.74 million, a PE ratio of -23.27 and a beta of 0.51.
Institutional Trading of Northern Dynasty Minerals
A number of institutional investors have recently made changes to their positions in NAK. Dauntless Investment Group LLC acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $1,233,000. BNP Paribas Financial Markets increased its stake 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 acquiring an additional 2,022,304 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Northern Dynasty Minerals during the 1st quarter worth $823,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of Northern Dynasty Minerals during the 1st quarter valued at about $460,000. Finally, Two Sigma Investments LP acquired a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at about $218,000. 10.55% of the stock is owned by institutional investors and hedge funds.
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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