Northern Dynasty Minerals (NYSEAMERICAN:NAK) Hits New 1-Year High – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $0.93 and last traded at $1.00, with a volume of 778620 shares changing hands. The stock had previously closed at $0.89.

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Trading Up 20.6 %

The firm has a market capitalization of $578.38 million, a PE ratio of -25.90 and a beta of 0.51. The business’s 50-day moving average is $0.68.

Hedge Funds Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allegheny Financial Group acquired a new position in Northern Dynasty Minerals during the fourth quarter valued at approximately $30,000. RFG Advisory LLC acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth $31,000. Squarepoint Ops LLC acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth $44,000. Game Plan Financial Advisors LLC grew its stake in shares of 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 worth $45,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after acquiring an additional 39,500 shares during the last quarter. Institutional investors and hedge funds 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.