Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading Down 8.8% – Here’s What Happened

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s stock price fell 8.8% during trading on Tuesday . The stock traded as low as $1.74 and last traded at $1.7050. Approximately 1,215,918 shares were traded during mid-day trading, a decline of 87% from the average session volume of 9,423,424 shares. The stock had previously closed at $1.87.

Analyst Ratings Changes

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

Northern Dynasty Minerals Stock Down 2.4%

The company’s 50-day moving average is $2.04 and its 200-day moving average is $1.89. The stock has a market capitalization of $904.85 million, a price-to-earnings ratio of -17.89 and a beta of 0.67.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its earnings results on Friday, May 15th. The mining company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Sell-side analysts anticipate that Northern Dynasty Minerals, Ltd. will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC increased its stake in Northern Dynasty Minerals by 13.9% during the fourth quarter. Cary Street Partners Financial LLC now owns 41,000 shares of the mining company’s stock worth $81,000 after acquiring an additional 5,000 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Northern Dynasty Minerals by 24.5% in the 1st quarter. Kestra Advisory Services LLC now owns 31,484 shares of the mining company’s stock valued at $44,000 after purchasing an additional 6,194 shares during the last quarter. Cibc World Market Inc. grew its holdings in shares of Northern Dynasty Minerals by 71.9% during the 4th quarter. Cibc World Market Inc. now owns 17,534 shares of the mining company’s stock worth $35,000 after purchasing an additional 7,334 shares during the period. SevenBridge Financial Group LLC grew its holdings in shares of Northern Dynasty Minerals by 68.2% during the 1st quarter. SevenBridge Financial Group LLC now owns 18,500 shares of the mining company’s stock worth $26,000 after purchasing an additional 7,500 shares during the period. Finally, One Plus One Wealth Management LLC increased its position in shares of Northern Dynasty Minerals by 61.5% during the 4th quarter. One Plus One Wealth Management LLC now owns 26,008 shares of the mining company’s stock worth $51,000 after purchasing an additional 9,908 shares during the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.