Northern Dynasty Minerals (NYSEAMERICAN:NAK) Reaches New 1-Year High – Here’s Why

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) hit a new 52-week high on Wednesday . The company traded as high as $1.36 and last traded at $1.30, with a volume of 5331780 shares traded. The stock had previously closed at $1.29.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Northern Dynasty Minerals to a “sell” rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Trading Up 0.8%

The firm has a fifty day moving average of $1.09 and a 200 day moving average of $0.75. The company has a market capitalization of $700.45 million, a P/E ratio of -13.00 and a beta of -0.77.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAK. Wealth Alliance LLC grew its stake in shares of Northern Dynasty Minerals by 32.1% during the 1st quarter. Wealth Alliance LLC now owns 45,225 shares of the mining company’s stock valued at $52,000 after purchasing an additional 11,000 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Northern Dynasty Minerals during the first quarter valued at approximately $25,000. SBI Securities Co. Ltd. grew its position in Northern Dynasty Minerals by 571.6% during the first quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company’s stock valued at $31,000 after buying an additional 23,042 shares during the period. Allworth Financial LP purchased a new stake in Northern Dynasty Minerals during the first quarter valued at approximately $28,000. Finally, Allium Financial Advisors LLC bought a new position in Northern Dynasty Minerals in the first quarter worth approximately $29,000. Hedge funds and other institutional investors 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.