Northern Dynasty Minerals (NYSEAMERICAN:NAK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.69. Northern Dynasty Minerals shares last traded at $0.64, with a volume of 4,443,372 shares changing hands.

Wall Street Analysts Forecast Growth

NAK has been the topic of several research analyst reports. StockNews.com started coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating on the stock. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd. Finally, HC Wainwright upped their target price on Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

Northern Dynasty Minerals Price Performance

The firm has a market capitalization of $345.15 million, a price-to-earnings ratio of -16.05 and a beta of 0.51.

Institutional Trading of Northern Dynasty Minerals

A number of hedge funds have recently bought and sold shares of NAK. RFG Advisory LLC purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at $31,000. Stifel Financial Corp grew its position in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after purchasing an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at about $33,000. XTX Topco Ltd grew its position in shares of Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after acquiring an additional 52,346 shares during the period. Finally, Smith Anglin Financial LLC raised its position in shares of Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after purchasing an additional 40,000 shares during the last quarter. 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.