Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Up 9.3% – What’s Next?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAKGet Free Report) (TSE:NDM) shares rose 9.3% during trading on Tuesday . The company traded as high as $1.73 and last traded at $1.7050. Approximately 4,925,508 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 10,572,625 shares. The stock had previously closed at $1.56.

Northern Dynasty Minerals Stock Performance

The company has a market capitalization of $993.24 million, a P/E ratio of -16.36 and a beta of -0.60. The stock’s fifty day moving average price is $1.70 and its 200-day moving average price is $1.33.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in Northern Dynasty Minerals in the 1st quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Northern Dynasty Minerals by 37.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock valued at $26,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Inc. bought a new position in Northern Dynasty Minerals in the 2nd quarter valued at approximately $31,000. Ballentine Partners LLC increased its holdings in shares of Northern Dynasty Minerals by 121.0% during the second quarter. Ballentine Partners LLC now owns 28,237 shares of the mining company’s stock worth $38,000 after buying an additional 15,459 shares in the last quarter. Finally, Plancorp LLC bought a new position in shares of Northern Dynasty Minerals in the 1st quarter valued at $38,000. 10.55% of the stock is owned by institutional investors.

About Northern Dynasty Minerals

(Get Free Report)

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in 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, the United States.

Further Reading

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