Shares of Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) traded down 5.5% during trading on Wednesday . The stock traded as low as $0.69 and last traded at $0.69, 2,007,034 shares traded hands during mid-day trading. An increase of 12% from the average session volume of 1,793,547 shares. The stock had previously closed at $0.73.
Several equities analysts have recently commented on the stock. HC Wainwright boosted their target price on shares of Northern Dynasty Minerals from $2.50 to $3.00 and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a report on Wednesday, July 10th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in Northern Dynasty Minerals during the 1st quarter valued at approximately $30,000. Nordea Investment Management AB purchased a new position in Northern Dynasty Minerals in the first quarter worth about $47,000. Advisor Group Inc. raised its holdings in Northern Dynasty Minerals by 45.8% in the second quarter. Advisor Group Inc. now owns 89,120 shares of the mining company’s stock worth $53,000 after buying an additional 28,000 shares during the last quarter. CVI Holdings LLC purchased a new position in Northern Dynasty Minerals in the second quarter worth about $78,000. Finally, Cadinha & Co. LLC purchased a new position in Northern Dynasty Minerals in the first quarter worth about $90,000.
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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