Northern Dynasty Minerals (NAK) Shares Gap Up to $1.04

Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) gapped up prior to trading on Wednesday . The stock had previously closed at $0.98, but opened at $1.04. Northern Dynasty Minerals shares last traded at $1.12, with a volume of 2255208 shares trading hands.

NAK has been the subject of a number of research reports. BidaskClub raised Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. HC Wainwright initiated coverage on Northern Dynasty Minerals in a research note on Thursday, October 19th. They issued a “buy” rating and a $2.50 price objective for the company. BMO Capital Markets raised Northern Dynasty Minerals from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 19th. Zacks Investment Research raised Northern Dynasty Minerals from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research note on Thursday, January 11th. Finally, TD Securities cut Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. One research 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 stock has an average rating of “Hold” and an average price target of $2.13.

The company has a market cap of $329.07, a price-to-earnings ratio of -7.38 and a beta of -0.09.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its earnings results on Tuesday, November 14th. The mining company reported ($0.05) earnings per share for the quarter.

Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Northern Dynasty Minerals by 4.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 512,942 shares of the mining company’s stock valued at $713,000 after acquiring an additional 22,111 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Northern Dynasty Minerals by 37.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 178,132 shares of the mining company’s stock valued at $321,000 after acquiring an additional 48,100 shares during the period. Smith Moore & CO. increased its position in Northern Dynasty Minerals by 340.7% in the 3rd quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock valued at $132,000 after acquiring an additional 56,500 shares during the period. Midas Management Corp acquired a new position in Northern Dynasty Minerals in the 3rd quarter valued at about $108,000. Finally, PEAK6 Investments L.P. acquired a new position in Northern Dynasty Minerals in the 3rd quarter valued at about $125,000.

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Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.

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