Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sets New 52-Week Low – Should You Sell?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s stock price reached a new 52-week low on Monday. The company traded as low as $1.06 and last traded at $1.0850, with a volume of 1,342,418 shares. The stock had previously closed at $1.12.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $2.50 target price on shares of Northern Dynasty Minerals in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Northern Dynasty Minerals presently has a consensus rating of “Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals Stock Down 3.8%

The firm has a 50 day simple moving average of $1.48 and a 200-day simple moving average of $1.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth approximately $72,000. Aletheian Wealth Advisors LLC purchased a new stake in Northern Dynasty Minerals during the third quarter valued at approximately $230,000. Veracity Capital LLC purchased a new stake in Northern Dynasty Minerals during the third quarter valued at approximately $132,000. State Street Corp boosted its stake in Northern Dynasty Minerals by 45.2% in the second quarter. State Street Corp now owns 613,758 shares of the mining company’s stock valued at $1,178,000 after acquiring an additional 191,058 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Northern Dynasty Minerals by 1,394.4% in the second quarter. NewEdge Advisors LLC now owns 420,229 shares of the mining company’s stock valued at $807,000 after acquiring an additional 392,109 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. is a Canadian mineral exploration and development company focused on advancing the Pebble Project in southwestern Alaska. The company’s principal asset is the Pebble copper-gold-molybdenum-rhenium deposit, a large undeveloped mineral resource located in the Bristol Bay region.

Northern Dynasty holds its interest in the Pebble Project through its wholly owned subsidiary, Pebble Mines Corp. The project is intended to be evaluated and developed as a potential large-scale mining operation, although Northern Dynasty is an exploration and development company and does not currently produce or sell minerals.

Founded in 1983 and headquartered in Vancouver, British Columbia, Northern Dynasty has concentrated its activities primarily in Alaska.