Northern Dynasty Minerals (NDM) Stock Price Down 9.7%

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Northern Dynasty Minerals Ltd (TSE:NDM) (NYSE:NAK) was down 9.7% during mid-day trading on Thursday . The stock traded as low as C$0.84 and last traded at C$0.84. Approximately 313,049 shares changed hands during trading, a decline of 2% from the average daily volume of 319,354 shares. The stock had previously closed at C$0.93.

Separately, HC Wainwright reaffirmed a “buy” rating and set a C$2.50 target price on shares of Northern Dynasty Minerals in a research report on Thursday.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last posted its quarterly earnings results on Thursday, August 9th. The mining company reported C($0.09) earnings per share for the quarter. On average, analysts forecast that Northern Dynasty Minerals Ltd will post -0.04 EPS for the current fiscal year.

In other news, insider Marchand Snyman sold 62,857 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of C$0.81, for a total transaction of C$50,914.17. Also, Director Ronald William Thiessen sold 115,657 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of C$0.81, for a total value of C$93,682.17.

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Northern Dynasty Minerals Company Profile (TSE:NDM)

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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