Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sees Large Volume Increase – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw unusually-high trading volume on Friday . Approximately 3,287,125 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 3,092,313 shares.The stock last traded at $1.21 and had previously closed at $1.16.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NAK. HC Wainwright reiterated a “buy” rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Down 3.4 %

The company has a market cap of $602.59 million, a price-to-earnings ratio of -28.00 and a beta of 0.51. The company has a fifty day simple moving average of $0.87 and a two-hundred day simple moving average of $0.62.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its position in Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after acquiring an additional 39,500 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Northern Dynasty Minerals in the third quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. Smith Anglin Financial LLC raised its position in shares of Northern Dynasty Minerals by 19.0% during the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock worth $73,000 after purchasing an additional 20,000 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in Northern Dynasty Minerals in the 4th quarter valued at approximately $31,000. 10.55% of the stock is 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.