Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sets New 52-Week High – Time to Buy?

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) hit a new 52-week high during trading on Thursday . The company traded as high as $1.56 and last traded at $1.55, with a volume of 16102281 shares changing hands. The stock had previously closed at $1.34.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Price Performance

The company has a market capitalization of $836.05 million, a PE ratio of -15.50 and a beta of -0.77. The company has a 50-day moving average of $1.14 and a two-hundred day moving average of $0.79.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NAK. BNP Paribas Financial Markets lifted its holdings in Northern Dynasty Minerals by 164.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock valued at $1,890,000 after purchasing an additional 2,022,304 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at $218,000. Tidal Investments LLC purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter valued at $143,000. Wells Fargo & Company MN lifted its stake in shares of Northern Dynasty Minerals by 8.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company’s stock valued at $592,000 after buying an additional 78,554 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Northern Dynasty Minerals in the 4th quarter worth $44,000. 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.