Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading Down 3.7% - Here's Why

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price traded down 3.7% during trading on Wednesday . The company traded as low as $2.24 and last traded at $2.2350. 646,673 shares changed hands during trading, a decline of 94% from the average session volume of 10,252,810 shares. The stock had previously closed at $2.32.Northern Dynasty Minerals Price PerformanceThe stock has a 50-day moving average price of $1.93 and a 200-day moving average price of $1.46. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -18.71 and a beta of -0.11. Hedge Funds Weigh In On Northern Dynasty MineralsSeveral institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in shares of Northern Dynasty Minerals in the first quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC grew its stake in 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 during the last quarter. Raymond James Financial Inc. bought a new position in Northern Dynasty Minerals in the 2nd quarter valued at about $31,000. Ballentine Partners LLC lifted its position in 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 acquiring an additional 15,459 shares during the last quarter. Finally, Plancorp LLC bought a new stake in shares of Northern Dynasty Minerals during the first quarter worth approximately $38,000. 10.55% of the stock is currently owned by institutional investors and hedge funds. Northern Dynasty Minerals Company Profile (Get Free Report)Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning. The company's flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.Read MoreFive stocks we like better than Northern Dynasty MineralsThe boring AI play that could pay up to $4,290 monthlyThe gift that keeps giving (just $1 today)The Best $1 You'll Spend This Holiday SeasonTrump Did WHAT??Put $1,000 into this stock by Jan 1 [Not NVDA]This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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