Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM)’s share price rose 17% during trading on Friday . The stock traded as high as $0.55 and last traded at $0.55. Approximately 2,677,972 shares traded hands during trading, an increase of 112% from the average daily volume of 1,261,125 shares. The stock had previously closed at $0.47.
NAK has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Northern Dynasty Minerals from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 3rd. HC Wainwright reaffirmed a “buy” rating and set a $2.75 price objective on shares of Northern Dynasty Minerals in a research note on Tuesday, May 7th.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings data on Monday, April 1st. The mining company reported ($0.03) EPS for the quarter.
Institutional investors and hedge funds have recently made changes to their positions in the business. M Holdings Securities Inc. grew its holdings in shares of Northern Dynasty Minerals by 31.6% during the first quarter. M Holdings Securities Inc. now owns 375,000 shares of the mining company’s stock valued at $226,000 after buying an additional 90,000 shares during the last quarter. SEI Investments Co purchased a new stake in shares of Northern Dynasty Minerals during the first quarter valued at approximately $82,000. Wellington Management Group LLP grew its holdings in shares of Northern Dynasty Minerals by 1.7% during the first quarter. Wellington Management Group LLP now owns 1,687,252 shares of the mining company’s stock valued at $998,000 after buying an additional 28,575 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Northern Dynasty Minerals during the first quarter valued at approximately $30,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Northern Dynasty Minerals during the first quarter valued at approximately $97,000.
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Northern Dynasty Minerals Company Profile (NYSEAMERICAN:NAK)
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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