Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares fell 5.6% during mid-day trading on Monday . The company traded as low as $0.99 and last traded at $0.99. 2,943,889 shares were traded during mid-day trading, a decline of 11% from the average session 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 issued a $1.30 price target on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.
Read Our Latest Research Report on Northern Dynasty Minerals
Northern Dynasty Minerals Trading Down 3.8%
The stock has a market cap of $543.41 million, a price-to-earnings ratio of -25.25 and a beta of 0.51. The stock has a fifty day simple moving average of $0.95 and a 200-day simple moving average of $0.65.
Institutional Investors Weigh In On Northern Dynasty Minerals
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Northern Dynasty Minerals during the first quarter worth $823,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Northern Dynasty Minerals during the first quarter worth $56,000. Allium Financial Advisors LLC acquired a new stake in shares of Northern Dynasty Minerals during the first quarter worth $29,000. Wealth Alliance LLC grew its stake in shares of Northern Dynasty Minerals by 32.1% during the first quarter. Wealth Alliance LLC now owns 45,225 shares of the mining company's stock worth $52,000 after purchasing an additional 11,000 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in shares of Northern Dynasty Minerals by 571.6% during the first quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company's stock worth $31,000 after purchasing an additional 23,042 shares during the period. 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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