Northern Dynasty Minerals (NASDAQ:NAK) Stock Price Up 8.1% – Still a Buy?

Northern Dynasty Minerals Ltd (NASDAQ:NAK) traded up 8.1% on Tuesday . The stock traded as high as $2.07 and last traded at $2.0650. 5,802,107 shares were traded during mid-day trading, a decline of 31% from the average session volume of 8,410,221 shares. The stock had previously closed at $1.91.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $2.50 price target on shares of Northern Dynasty Minerals in a report on Friday, December 19th. 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 a consensus target price of $2.50.

Northern Dynasty Minerals Trading Up 7.9%

The firm has a market cap of $1.15 billion, a P/E ratio of -17.17 and a beta of -0.06. The business has a 50-day simple moving average of $1.97.

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of NAK. Investment Planning Advisors Inc. bought a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth about $26,000. Perigon Wealth Management LLC increased its stake in shares of Northern Dynasty Minerals by 13.7% during the fourth quarter. Perigon Wealth Management LLC now owns 216,100 shares of the company’s stock valued at $426,000 after acquiring an additional 26,100 shares during the period. One Plus One Wealth Management LLC raised its holdings in Northern Dynasty Minerals by 61.5% during the fourth quarter. One Plus One Wealth Management LLC now owns 26,008 shares of the company’s stock worth $51,000 after purchasing an additional 9,908 shares in the last quarter. Brookstone Capital Management bought a new stake in Northern Dynasty Minerals during the fourth quarter worth approximately $26,000. Finally, Silverlake Wealth Management LLC lifted its position in Northern Dynasty Minerals by 138.5% in the fourth quarter. Silverlake Wealth Management LLC now owns 25,000 shares of the company’s stock worth $49,000 after purchasing an additional 14,518 shares during the period. Institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd.