Northern Dynasty Minerals (NASDAQ:NAK) Stock Price Down 10.6% – What’s Next?

Northern Dynasty Minerals Ltd (NASDAQ:NAK) shares were down 10.6% during mid-day trading on Tuesday . The company traded as low as $1.93 and last traded at $1.93. Approximately 2,907,669 shares traded hands during trading, a decline of 74% from the average daily volume of 11,269,862 shares. The stock had previously closed at $2.16.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $2.50 price objective on shares of Northern Dynasty Minerals in a report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $2.50.

Northern Dynasty Minerals Trading Down 6.0%

The business’s 50-day moving average price is $2.12. The company has a market cap of $1.14 billion, a PE ratio of -16.92 and a beta of 0.08.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Advance Capital Management Inc. acquired a new position in Northern Dynasty Minerals during the third quarter worth $27,000. Perigon Wealth Management LLC acquired a new stake in Northern Dynasty Minerals in the 3rd quarter valued at about $228,000. Range Financial Group LLC increased its holdings in Northern Dynasty Minerals by 400.0% during the 3rd quarter. Range Financial Group LLC now owns 50,000 shares of the company’s stock valued at $60,000 after acquiring an additional 40,000 shares in the last quarter. Brookwood Investment Group LLC acquired a new position in Northern Dynasty Minerals during the third quarter worth about $63,000. Finally, GAM Holding AG lifted its holdings in shares of Northern Dynasty Minerals by 23.9% in the third quarter. GAM Holding AG now owns 3,469,100 shares of the company’s stock valued at $4,163,000 after purchasing an additional 669,100 shares in the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Company Profile

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. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd.