Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Up – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) gapped up prior to trading on Wednesday . The stock had previously closed at $0.80, but opened at $0.83. Northern Dynasty Minerals shares last traded at $0.93, with a volume of 6,284,892 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NAK shares. HC Wainwright restated a “buy” rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd. Finally, StockNews.com assumed coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating on the stock.

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $519.20 million, a P/E ratio of -24.13 and a beta of 0.51. The stock has a 50 day moving average price of $0.79 and a 200-day moving average price of $0.58.

Institutional Trading of Northern Dynasty Minerals

Several large investors have recently added to or reduced their stakes in NAK. Game Plan Financial Advisors LLC grew its holdings in Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock worth $45,000 after purchasing an additional 18,000 shares during the period. Smith Anglin Financial LLC grew its stake in shares of Northern Dynasty Minerals by 19.0% in the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock worth $73,000 after buying an additional 20,000 shares during the last quarter. Stifel Financial Corp increased its position in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after buying an additional 39,500 shares in the last quarter. Allegheny Financial Group purchased a new position in Northern Dynasty Minerals during the fourth quarter valued at $30,000. Finally, XTX Topco Ltd boosted its holdings in Northern Dynasty Minerals by 104.4% in 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 in the last quarter. Institutional investors 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.