Northern Dynasty Minerals (NASDAQ:NAK) Stock Price Down 5.4% – What’s Next?

by · The Markets Daily

Northern Dynasty Minerals Ltd (NASDAQ:NAK – Get Free Report)’s share price fell 5.4% during mid-day trading on Wednesday . The company traded as low as $1.92 and last traded at $1.93. 2,662,714 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 10,412,467 shares. The stock had previously closed at $2.04.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a report on Tuesday, October 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Northern Dynasty Minerals presently has an average rating of “Buy” and a consensus target price of $2.50.

Read Our Latest Stock Report on NAK

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $1.19 billion, a PE ratio of -17.92 and a beta of -0.11. The company has a 50 day moving average of $1.92.

Institutional Trading of Northern Dynasty Minerals

Several large investors have recently bought and sold shares of the business. Cary Street Partners Financial LLC raised its holdings 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 acquiring an additional 10,000 shares during the last quarter. Private Advisor Group LLC grew its position in shares of 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 purchasing an additional 10,000 shares in the last quarter. PFG Investments LLC grew its position in shares of Northern Dynasty Minerals by 91.6% in the third 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 in the last quarter. Keystone Wealth Services LLC lifted its position in Northern Dynasty Minerals by 70.6% during the third 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 in the last quarter. Finally, Advance Capital Management Inc. acquired a new position in Northern Dynasty Minerals during the third quarter worth $27,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

About Northern Dynasty Minerals

(Get Free Report)

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.

Further Reading