Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sees Unusually-High Trading Volume – What’s Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares saw unusually-high trading volume on Thursday . Approximately 4,479,630 shares were traded during trading, an increase of 63% from the previous session’s volume of 2,746,773 shares.The stock last traded at $1.08 and had previously closed at $0.91.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NAK shares. StockNews.com started coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a “sell” rating for the company. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.

Northern Dynasty Minerals Trading Up 18.1 %

The firm’s 50 day simple moving average is $0.75. The company has a market capitalization of $578.38 million, a P/E ratio of -26.88 and a beta of 0.51.

Institutional Trading of Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp increased its holdings in shares of 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. Invenomic Capital Management LP grew its holdings in shares of Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after purchasing an additional 4,145,767 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock valued at $407,000 after buying an additional 1,068,704 shares during the last quarter. Virtu Financial LLC bought a new stake in Northern Dynasty Minerals during the 3rd quarter worth about $60,000. Finally, XTX Topco Ltd increased its position in Northern Dynasty Minerals by 104.4% in the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after acquiring an additional 52,346 shares in the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Northern Dynasty Minerals Company Profile

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.