Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Down 8.3% - Time to Sell?

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM traded down 8.3% during trading on Monday . The company traded as low as $1.48 and last traded at $1.41. 1,761,616 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 4,128,805 shares. The stock had previously closed at $1.54.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Stock Performance

The firm has a market cap of $752.45 million, a P/E ratio of -13.85 and a beta of -0.70. The company's 50 day moving average is $1.17 and its 200 day moving average is $0.82.

Hedge Funds Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter worth about $25,000. Allworth Financial LP purchased a new position in shares of Northern Dynasty Minerals during the first quarter valued at approximately $28,000. Allium Financial Advisors LLC bought a new position in Northern Dynasty Minerals during the 1st quarter valued at $29,000. SBI Securities Co. Ltd. lifted its position 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 valued at $31,000 after purchasing an additional 23,042 shares in the last quarter. Finally, Plancorp LLC purchased a new stake in Northern Dynasty Minerals in the 1st quarter valued at about $38,000. 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.