Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.72. Northern Dynasty Minerals shares last traded at $0.71, with a volume of 1,760,838 shares trading hands.

Analyst Ratings Changes

Several analysts have issued reports on NAK shares. StockNews.com assumed coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They set a “sell” rating for the company. HC Wainwright restated a “buy” rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th. Finally, Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Trading Up 26.3 %

The firm has a market capitalization of $479.71 million, a PE ratio of -22.29 and a beta of 0.51. The company has a 50-day simple moving average of $0.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Invenomic Capital Management LP grew its holdings in shares of Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after purchasing an additional 4,145,767 shares during the last quarter. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at $1,233,000. BNP Paribas Financial Markets boosted its position in Northern Dynasty Minerals by 164.8% during the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock worth $1,890,000 after purchasing an additional 2,022,304 shares during the period. Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals in the 4th quarter worth $218,000. Finally, Tidal Investments LLC acquired a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at about $143,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Company Profile

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.