Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Up – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $1.07, but opened at $1.10. Northern Dynasty Minerals shares last traded at $1.06, with a volume of 875,141 shares changing hands.

Analyst Upgrades and Downgrades

NAK has been the topic of several research reports. Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd. StockNews.com assumed coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They set a “sell” rating on the stock. Finally, HC Wainwright reissued a “buy” rating and issued a $1.30 target price on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.

Northern Dynasty Minerals Trading Up 3.7 %

The stock has a market capitalization of $597.21 million, a PE ratio of -27.75 and a beta of 0.51. The firm’s 50-day moving average price is $0.83 and its 200-day moving average price is $0.60.

Institutional Trading of Northern Dynasty Minerals

Institutional investors have recently bought and sold shares of the stock. Allegheny Financial Group purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth approximately $30,000. RFG Advisory LLC purchased a new stake in Northern Dynasty Minerals in the fourth quarter worth $31,000. Stifel Financial Corp lifted 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 purchasing an additional 39,500 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals during the third quarter valued at $33,000. Finally, XTX Topco Ltd grew its holdings in shares of Northern Dynasty Minerals by 104.4% in the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after purchasing an additional 52,346 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors.

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.