Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading Down 6.2% – Time to Sell?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price fell 6.2% during mid-day trading on Thursday . The stock traded as low as $1.44 and last traded at $1.4350. 723,657 shares were traded during trading, a decline of 91% from the average daily volume of 8,002,193 shares. The stock had previously closed at $1.53.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a report on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Northern Dynasty Minerals presently has an average rating of “Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals Trading Down 3.4%

The firm has a market cap of $792.59 million, a P/E ratio of -12.82 and a beta of 0.75. The firm has a 50-day simple moving average of $1.62 and a 200-day simple moving average of $1.74.

Institutional Trading of Northern Dynasty Minerals

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in Northern Dynasty Minerals in the first quarter worth about $25,000. SevenBridge Financial Group LLC increased its holdings in shares of Northern Dynasty Minerals by 68.2% during the first quarter. SevenBridge Financial Group LLC now owns 18,500 shares of the mining company’s stock valued at $26,000 after acquiring an additional 7,500 shares in the last quarter. Kovack Advisors Inc. purchased a new position in shares of Northern Dynasty Minerals in the 4th quarter valued at approximately $27,000. Hibernia Wealth Partners LLC purchased a new position in shares of Northern Dynasty Minerals in the 4th quarter valued at approximately $30,000. Finally, Private Advisor Group LLC boosted its stake in Northern Dynasty Minerals by 66.7% in the 3rd quarter. Private Advisor Group LLC now owns 25,000 shares of the mining company’s stock worth $30,000 after purchasing an additional 10,000 shares in the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.