Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Down – What’s Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $1.11, but opened at $1.07. Northern Dynasty Minerals shares last traded at $1.03, with a volume of 850,819 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com began coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They set a “sell” rating on the stock. 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. Finally, Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $520.28 million, a P/E ratio of -24.30 and a beta of 0.51. The firm has a 50-day moving average price of $0.75.

Institutional Trading of Northern Dynasty Minerals

A number of institutional investors have recently made changes to their positions in the business. Invenomic Capital Management LP raised its holdings in 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 acquiring an additional 4,145,767 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Northern Dynasty Minerals by 164.8% during the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock worth $1,890,000 after purchasing an additional 2,022,304 shares in the last quarter. Dauntless Investment Group LLC acquired a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at approximately $1,233,000. Wells Fargo & Company MN grew its stake in shares of Northern Dynasty Minerals by 8.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company’s stock valued at $592,000 after buying an additional 78,554 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals during the fourth quarter worth $218,000. 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.