Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Up 4.7% – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares were up 4.7% on Friday . The stock traded as high as $1.23 and last traded at $1.22. Approximately 5,302,752 shares changed hands during mid-day trading, an increase of 103% from the average daily volume of 2,611,197 shares. The stock had previously closed at $1.16.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Stock Down 3.9 %

The firm has a market cap of $599.90 million, a P/E ratio of -27.88 and a beta of 0.51. The firm’s 50 day moving average price is $0.72.

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently bought and sold shares of the company. Allegheny Financial Group bought a new position in Northern Dynasty Minerals during the fourth quarter worth $30,000. Stifel Financial Corp raised its holdings in shares of 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 purchasing an additional 39,500 shares during the period. RFG Advisory LLC bought a new position in shares of Northern Dynasty Minerals in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Northern Dynasty Minerals in the 3rd quarter valued at about $33,000. Finally, XTX Topco Ltd grew its position in shares of Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after buying an additional 52,346 shares during the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.

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.