Northern Dynasty Minerals (NASDAQ:NAK) Trading Down 6.3% – What’s Next?

Northern Dynasty Minerals Ltd (NASDAQ:NAK)’s share price dropped 6.3% during mid-day trading on Tuesday . The stock traded as low as $1.56 and last traded at $1.5650. Approximately 5,248,346 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 10,657,031 shares. The stock had previously closed at $1.67.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.50 price target on shares of Northern Dynasty Minerals in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $2.50.

Northern Dynasty Minerals Stock Performance

The stock has a market cap of $871.41 million, a P/E ratio of -13.16 and a beta of -0.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cary Street Partners Financial LLC raised its position in Northern Dynasty Minerals by 38.5% in the 3rd quarter. Cary Street Partners Financial LLC now owns 36,000 shares of the company’s stock valued at $43,000 after buying an additional 10,000 shares during the last quarter. Private Advisor Group LLC increased its stake in Northern Dynasty Minerals by 66.7% in the 3rd 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 during the last quarter. PFG Investments LLC lifted its position in Northern Dynasty Minerals by 91.6% during the 3rd quarter. PFG Investments LLC now owns 21,081 shares of the company’s stock worth $25,000 after buying an additional 10,081 shares in the last quarter. Keystone Wealth Services LLC boosted its stake in shares of Northern Dynasty Minerals by 70.6% during the 3rd quarter. Keystone Wealth Services LLC now owns 36,250 shares of the company’s stock worth $44,000 after buying an additional 15,000 shares during the last quarter. Finally, Advance Capital Management Inc. acquired a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth about $27,000. 10.55% of the stock is owned by institutional investors and hedge funds.

Northern Dynasty Minerals Company Profile

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.