Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Down – Should You Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $1.10, but opened at $1.06. Northern Dynasty Minerals shares last traded at $1.13, with a volume of 2,058,808 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com initiated coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They set a “sell” rating on the stock. HC Wainwright restated a “buy” rating and set a $1.30 target price on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Finally, Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Price Performance

The company has a fifty day moving average of $0.71. The firm has a market capitalization of $599.90 million, a price-to-earnings ratio of -27.88 and a beta of 0.51.

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently modified their holdings of the business. Allegheny Financial Group bought a new stake in Northern Dynasty Minerals in the fourth quarter valued at approximately $30,000. Stifel Financial Corp grew its holdings in Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after buying an additional 39,500 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. Finally, XTX Topco Ltd lifted its holdings in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after acquiring an additional 52,346 shares during the period. Institutional investors and hedge funds own 10.55% of the company’s stock.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in 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, the United States.