Northern Dynasty Minerals (NASDAQ:NAK) Trading Up 9% – What’s Next?

Northern Dynasty Minerals Ltd (NASDAQ:NAK) traded up 9% during mid-day trading on Monday . The company traded as high as $2.41 and last traded at $2.41. 1,215,875 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 10,276,976 shares. The stock had previously closed at $2.21.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $2.50 target price on shares of Northern Dynasty Minerals in a research report on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Northern Dynasty Minerals currently has an average rating of “Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals Price Performance

The business’s fifty day simple moving average is $1.94. The firm has a market capitalization of $1.30 billion, a P/E ratio of -19.58 and a beta of -0.11.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NAK. PFG Investments LLC lifted its stake in shares of Northern Dynasty Minerals by 91.6% in the 3rd quarter. PFG Investments LLC now owns 21,081 shares of the company’s stock valued at $25,000 after purchasing an additional 10,081 shares during the period. Advance Capital Management Inc. acquired a new stake in Northern Dynasty Minerals during the third quarter valued at $27,000. Private Advisor Group LLC increased its holdings in Northern Dynasty Minerals by 66.7% in the third quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock valued at $30,000 after buying an additional 10,000 shares in the last quarter. Advisory Alpha LLC acquired a new position in shares of Northern Dynasty Minerals in the third quarter worth about $33,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Northern Dynasty Minerals by 374.9% in the third quarter. SBI Securities Co. Ltd. now owns 30,467 shares of the company’s stock worth $37,000 after acquiring an additional 24,051 shares during the period. 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. Its principal mineral property is 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, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd.