Northern Dynasty Minerals (NYSEAMERICAN:NAK) Reaches New 1-Year High – What’s Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) reached a new 52-week high on Monday . The company traded as high as $0.93 and last traded at $1.00, with a volume of 778620 shares. The stock had previously closed at $0.89.

Wall Street Analysts Forecast Growth

NAK has been the subject of a number of research reports. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. StockNews.com began coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating for the company. Finally, HC Wainwright restated a “buy” rating and set a $1.30 price target on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.

Northern Dynasty Minerals Stock Up 2.6 %

The business’s 50-day moving average is $0.70. The firm has a market cap of $640.26 million, a PE ratio of -29.75 and a beta of 0.51.

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp increased its position in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after purchasing an additional 39,500 shares during the period. Invenomic Capital Management LP increased its position in shares of Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after buying an additional 4,145,767 shares during the period. BNP Paribas Financial Markets raised its stake in Northern Dynasty Minerals by 673.8% during the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock worth $407,000 after buying an additional 1,068,704 shares during the last quarter. Virtu Financial LLC acquired a new position in Northern Dynasty Minerals in the third quarter valued at $60,000. Finally, XTX Topco Ltd boosted its position in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after acquiring an additional 52,346 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

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.