Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Falls 7.3% – Time to Sell?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s stock price was down 7.3% during mid-day trading on Wednesday. The company traded as low as $1.20 and last traded at $1.2050. 2,404,070 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 7,620,589 shares. The stock had previously closed at $1.30.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Trading Down 8.1%

The company has a 50-day moving average of $1.52 and a 200-day moving average of $1.74. The firm has a market capitalization of $671.77 million, a price-to-earnings ratio of -10.95 and a beta of 0.84.

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently modified their holdings of the business. Hibernia Wealth Partners LLC acquired a new position in shares of Northern Dynasty Minerals in the 4th quarter valued at about $30,000. SevenBridge Financial Group LLC lifted its holdings in Northern Dynasty Minerals by 68.2% in the first quarter. SevenBridge Financial Group LLC now owns 18,500 shares of the mining company’s stock worth $26,000 after acquiring an additional 7,500 shares during the last quarter. Strathmore Capital Advisors Inc. acquired a new position in Northern Dynasty Minerals in the second quarter valued at approximately $35,000. Sequoia Financial Advisors LLC grew its holdings in shares of Northern Dynasty Minerals by 81.0% during the first quarter. Sequoia Financial Advisors LLC now owns 22,251 shares of the mining company’s stock valued at $31,000 after purchasing an additional 9,955 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Northern Dynasty Minerals by 158.1% during the second quarter. Deutsche Bank AG now owns 22,688 shares of the mining company’s stock valued at $44,000 after purchasing an additional 13,896 shares during the last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a Canadian mineral exploration and development company focused on advancing the Pebble Project in southwestern Alaska. The company’s principal asset is the Pebble copper-gold-molybdenum-rhenium deposit, a large undeveloped mineral resource located in the Bristol Bay region.

Northern Dynasty holds its interest in the Pebble Project through its wholly owned subsidiary, Pebble Mines Corp. The project is intended to be evaluated and developed as a potential large-scale mining operation, although Northern Dynasty is an exploration and development company and does not currently produce or sell minerals.

Founded in 1983 and headquartered in Vancouver, British Columbia, Northern Dynasty has concentrated its activities primarily in Alaska.