Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Up 5.7% – Still a Buy?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares traded up 5.7% during trading on Tuesday . The stock traded as high as $1.04 and last traded at $1.03. 1,082,064 shares were traded during trading, a decline of 63% from the average session volume of 2,923,824 shares. The stock had previously closed at $0.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NAK shares. HC Wainwright reiterated a “buy” rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. StockNews.com started coverage on shares of Northern Dynasty Minerals in a research note on Friday, December 27th. They set a “sell” rating on the stock. 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 Stock Performance

The company has a market cap of $570.31 million, a price-to-earnings ratio of -26.50 and a beta of 0.51. The business has a 50-day simple moving average of $0.80 and a 200-day simple moving average of $0.59.

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allegheny Financial Group purchased a new stake in Northern Dynasty Minerals during the 4th quarter worth about $30,000. RFG Advisory LLC purchased a new stake in Northern Dynasty Minerals during the fourth quarter worth approximately $31,000. Squarepoint Ops LLC acquired a new position in Northern Dynasty Minerals in the fourth quarter valued at approximately $44,000. Game Plan Financial Advisors LLC increased its stake in Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock valued at $45,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in Northern Dynasty Minerals during the first quarter worth approximately $100,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

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.