Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading Down 6.2% – Should You Sell?

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

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Trading Down 5.6%

The stock has a market cap of $812.26 million, a PE ratio of -13.14 and a beta of 0.75. The business has a 50-day moving average price of $1.64 and a 200 day moving average price of $1.74.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several institutional investors have recently added to or reduced their stakes in NAK. Cubist Systematic Strategies LLC bought a new position in Northern Dynasty Minerals during the first quarter worth about $25,000. SevenBridge Financial Group LLC lifted its stake in shares of Northern Dynasty Minerals by 68.2% during the 1st quarter. SevenBridge Financial Group LLC now owns 18,500 shares of the mining company’s stock valued at $26,000 after buying an additional 7,500 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at approximately $27,000. Hibernia Wealth Partners LLC bought a new position in Northern Dynasty Minerals in the 4th quarter worth approximately $30,000. Finally, Private Advisor Group LLC boosted its holdings 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 buying an additional 10,000 shares during the period. 10.55% of the stock is owned by hedge funds and other institutional investors.

About Northern Dynasty Minerals

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.