Northern Dynasty Minerals (NYSEAMERICAN:NAK) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.67. Northern Dynasty Minerals shares last traded at $0.66, with a volume of 2,021,538 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NAK. HC Wainwright increased their target price on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. Finally, StockNews.com started coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They set a “sell” rating for the company.

Northern Dynasty Minerals Stock Performance

The company has a market cap of $338.78 million, a price-to-earnings ratio of -15.75 and a beta of 0.51.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Smith Anglin Financial LLC raised its position in Northern Dynasty Minerals by 19.0% in the fourth quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock worth $73,000 after acquiring an additional 20,000 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Northern Dynasty Minerals in the 3rd quarter valued at about $33,000. Virtu Financial LLC bought a new position in Northern Dynasty Minerals during the third quarter worth about $60,000. XTX Topco Ltd boosted its position in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after purchasing an additional 52,346 shares during the period. Finally, Stifel Financial Corp raised its position 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 valued at $31,000 after purchasing an additional 39,500 shares during the period. Hedge funds and other institutional investors own 10.55% of the company’s stock.

About Northern Dynasty Minerals

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.