Northern Dynasty Minerals (NYSEAMERICAN:NAK) Sees Strong Trading Volume - Time to Buy?

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM saw unusually-strong trading volume on Wednesday . Approximately 4,420,676 shares traded hands during mid-day trading, an increase of 75% from the previous session's volume of 2,530,425 shares.The stock last traded at $1.19 and had previously closed at $1.19.Analysts Set New Price TargetsWith Gold Prices Surging, Here are 4 Gold Stocks to BuyNAK has been the topic of several analyst reports. HC Wainwright reissued a "buy" rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd. Finally, StockNews.com initiated coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a "sell" rating for the company.Get Our Latest Stock Report on Northern Dynasty MineralsNorthern Dynasty Minerals Price PerformanceThe business has a 50 day moving average of $0.70. The stock has a market capitalization of $599.90 million, a price-to-earnings ratio of -27.88 and a beta of 0.51. Hedge Funds Weigh In On Northern Dynasty MineralsHedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock worth $407,000 after purchasing an additional 1,068,704 shares during the last quarter. Invenomic Capital Management LP raised its stake in shares of Northern Dynasty Minerals by 145.4% during the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company's stock valued at $2,320,000 after purchasing an additional 4,145,767 shares during the period. Stifel Financial Corp lifted its holdings in shares of Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock worth $31,000 after buying an additional 39,500 shares in the last quarter. XTX Topco Ltd boosted its holdings in Northern Dynasty Minerals by 104.4% in the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company's stock valued at $34,000 after purchasing an additional 52,346 shares during the period. Finally, Virtu Financial LLC bought a new position in Northern Dynasty Minerals in the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 10.55% of the company's stock. 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.Featured ArticlesFive stocks we like better than Northern Dynasty MineralsWhat is the NASDAQ Stock Exchange?Energy Transfer: Powering Data With Dividends and DiversificationWhat Investors Need to Know About Upcoming IPOsQualcomm Stock Is Coiling for a Breakout How to Use the MarketBeat Stock Screener Is Alphabet Too Cheap to Ignore After Its Recent Correction?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Northern Dynasty Minerals Right Now?Before you consider Northern Dynasty Minerals, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Dynasty Minerals wasn't on the list.While Northern Dynasty Minerals currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here