Northern Dynasty Minerals (NYSEAMERICAN:NAK) Hits New 1-Year High – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) hit a new 52-week high during trading on Monday . The stock traded as high as $0.93 and last traded at $1.00, with a volume of 778620 shares trading hands. The stock had previously closed at $0.89.

Wall Street Analysts Forecast Growth

NAK has been the subject of a number of research reports. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd. StockNews.com began coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating for the company. Finally, HC Wainwright reissued a “buy” rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

Northern Dynasty Minerals Price Performance

The stock’s fifty day moving average is $0.68. The company has a market cap of $578.38 million, a PE ratio of -25.90 and a beta of 0.51.

Institutional Trading of Northern Dynasty Minerals

Several institutional investors have recently added to or reduced their stakes in the stock. Allegheny Financial Group bought a new position in shares of Northern Dynasty Minerals during the fourth quarter worth about $30,000. RFG Advisory LLC bought a new position in shares of Northern Dynasty Minerals during the fourth quarter worth about $31,000. Squarepoint Ops LLC bought a new position in shares of Northern Dynasty Minerals during the fourth quarter worth about $44,000. Game Plan Financial Advisors LLC grew its position in shares of Northern Dynasty Minerals by 29.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock worth $45,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Stifel Financial Corp grew its position 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 acquiring an additional 39,500 shares during the last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

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.