Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw unusually-strong 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.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Trading Up 18.1 %

The stock has a fifty day moving average price of $0.75. The company has a market cap of $578.38 million, a price-to-earnings ratio of -26.88 and a beta of 0.51.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NAK. Allegheny Financial Group acquired a new position in Northern Dynasty Minerals during the fourth quarter valued at approximately $30,000. Stifel Financial Corp lifted its position in shares of Northern Dynasty Minerals by 71.8% during the 3rd 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 during the last quarter. RFG Advisory LLC acquired a new stake in Northern Dynasty Minerals in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in Northern Dynasty Minerals in the third quarter valued at about $33,000. Finally, XTX Topco Ltd grew its position 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 valued at $34,000 after acquiring an additional 52,346 shares during the last quarter. 10.55% of the stock is owned by institutional investors.

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.