Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Up on Analyst Upgrade

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) gapped up before the market opened on Monday after HC Wainwright raised their price target on the stock from $1.30 to $2.50. The stock had previously closed at $1.40, but opened at $1.70. HC Wainwright currently has a buy rating on the stock. Northern Dynasty Minerals shares last traded at $1.71, with a volume of 10,763,167 shares changing hands.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of Northern Dynasty Minerals by 164.8% during the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock valued at $1,890,000 after acquiring an additional 2,022,304 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at approximately $218,000. Tidal Investments LLC bought a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at approximately $143,000. Wells Fargo & Company MN boosted its position in shares of Northern Dynasty Minerals by 8.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company’s stock valued at $592,000 after acquiring an additional 78,554 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at approximately $44,000. 10.55% of the stock is currently owned by institutional investors.

Northern Dynasty Minerals Trading Up 0.6%

The stock has a market capitalization of $970.90 million, a P/E ratio of -18.00 and a beta of -0.69. The business has a 50-day moving average price of $1.21 and a 200 day moving average price of $0.86.

Northern Dynasty Minerals Company Profile

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.