Northern Dynasty Minerals Ltd (NAK) Cut to “Sell” at BidaskClub
Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.
Separately, BMO Capital Markets initiated coverage on Northern Dynasty Minerals in a research report on Monday, August 28th. They issued a “market perform” rating on the stock.
Northern Dynasty Minerals (NYSEMKT NAK) traded down 1.15% on Tuesday, hitting $1.72. 1,524,101 shares of the stock were exchanged. The stock’s 50 day moving average price is $1.75 and its 200 day moving average price is $1.58. The firm’s market cap is $522.77 million. Northern Dynasty Minerals has a 52-week low of $0.54 and a 52-week high of $3.45.
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A hedge fund recently raised its stake in Northern Dynasty Minerals stock. Raymond James Financial Services Advisors Inc. grew its holdings in Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) by 826.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,032 shares of the mining company’s stock after acquiring an additional 115,999 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Northern Dynasty Minerals were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.
About Northern Dynasty Minerals
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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