Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was up 6% during mid-day trading on Monday . The stock traded as high as $0.74 and last traded at $0.71. Approximately 1,074,884 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 1,994,506 shares. The stock had previously closed at $0.67.
Several equities research analysts have recently commented on NAK shares. HC Wainwright set a $3.00 target price on shares of Northern Dynasty Minerals and gave the company a “buy” rating in a research note on Friday, March 23rd. Zacks Investment Research upgraded shares of Northern Dynasty Minerals from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research note on Wednesday, January 24th. Finally, TD Securities downgraded shares of Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $2.38.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its earnings results on Monday, May 14th. The mining company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02).
Hedge funds and other institutional investors have recently modified their holdings of the stock. Grimes & Company Inc. lifted its position in Northern Dynasty Minerals by 1,264.9% during the 1st quarter. Grimes & Company Inc. now owns 182,900 shares of the mining company’s stock worth $166,000 after buying an additional 169,500 shares in the last quarter. M Holdings Securities Inc. acquired a new position in Northern Dynasty Minerals during the 4th quarter worth about $314,000. Midas Management Corp lifted its position in Northern Dynasty Minerals by 375.0% during the 4th quarter. Midas Management Corp now owns 285,000 shares of the mining company’s stock worth $504,000 after buying an additional 225,000 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Northern Dynasty Minerals during the 4th quarter worth about $511,000. Finally, Global X Management Co. LLC acquired a new position in Northern Dynasty Minerals during the 1st quarter worth about $525,000.
Northern Dynasty Minerals Company Profile
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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