Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Up – What’s Next?

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAKGet Free Report) (TSE:NDM) gapped up before the market opened on Monday . The stock had previously closed at $1.31, but opened at $1.40. Northern Dynasty Minerals shares last traded at $1.3390, with a volume of 1,131,679 shares.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $2.50 target price on shares of Northern Dynasty Minerals in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $2.50.

View Our Latest Analysis on NAK

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $756.09 million, a PE ratio of -12.23 and a beta of 0.75. The business’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.73.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of large investors have recently bought and sold shares of NAK. Kopernik Global Investors LLC lifted its stake in Northern Dynasty Minerals by 50.8% during the 1st quarter. Kopernik Global Investors LLC now owns 32,655,846 shares of the mining company’s stock valued at $45,718,000 after acquiring an additional 10,994,668 shares during the period. Bornite Capital Management LP purchased a new position in shares of Northern Dynasty Minerals during the fourth quarter worth $10,608,000. Renaissance Technologies LLC purchased a new stake in Northern Dynasty Minerals in the first quarter valued at $6,244,000. Swiss National Bank purchased a new position in shares of Northern Dynasty Minerals during the 1st quarter valued at about $1,532,000. Finally, NewEdge Advisors LLC raised its stake in shares of Northern Dynasty Minerals by 1,394.4% during the 2nd quarter. NewEdge Advisors LLC now owns 420,229 shares of the mining company’s stock valued at $807,000 after buying an additional 392,109 shares during the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

(Get Free Report)

Northern Dynasty Minerals Ltd. is a Canadian mineral development company focused on advancing the Pebble Project in southwest Alaska. Through its subsidiary, Pebble Mines Corp., the company holds an interest in the project, which is designed to develop a large deposit containing copper, gold, molybdenum and rhenium.

The Pebble Project is located in the Bristol Bay region, near the headwaters of important salmon fisheries. Northern Dynasty’s activities have centered on exploration, project engineering, environmental studies, permitting and engagement with regulators, local communities and Indigenous groups.

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