Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading Down 6.9% – Should You Sell?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price fell 6.9% on Friday . The stock traded as low as $1.20 and last traded at $1.1820. 4,084,199 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 11,149,170 shares. The stock had previously closed at $1.27.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $2.50 target price on shares of Northern Dynasty Minerals in a research report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Northern Dynasty Minerals currently has a consensus rating of “Buy” and an average target price of $2.50.

Northern Dynasty Minerals Stock Performance

The company has a fifty day simple moving average of $1.77 and a two-hundred day simple moving average of $1.74. The stock has a market capitalization of $638.39 million, a price-to-earnings ratio of -9.50 and a beta of 0.09.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of large investors have recently bought and sold shares of NAK. Cary Street Partners Financial LLC increased its holdings in Northern Dynasty Minerals by 13.9% in the 4th quarter. Cary Street Partners Financial LLC now owns 41,000 shares of the mining company’s stock valued at $81,000 after buying an additional 5,000 shares during the period. Cibc World Market Inc. boosted its position 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 acquiring an additional 7,334 shares in the last quarter. One Plus One Wealth Management LLC boosted 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 acquiring an additional 9,908 shares in the last quarter. Private Advisor Group LLC increased its stake in Northern Dynasty Minerals by 66.7% in the third quarter. Private Advisor Group LLC now owns 25,000 shares of the mining company’s stock valued at $30,000 after acquiring an additional 10,000 shares during the last quarter. Finally, PFG Investments LLC raised its position in Northern Dynasty Minerals by 91.6% during the third quarter. PFG Investments LLC now owns 21,081 shares of the mining company’s stock valued at $25,000 after purchasing an additional 10,081 shares in the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

About Northern Dynasty Minerals

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.