Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Passes Above 200 Day Moving Average - What's Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's stock price 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 $0.67. Northern Dynasty Minerals shares last traded at $0.66, with a volume of 2,021,538 shares trading hands.

Analyst Ratings Changes

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

Northern Dynasty Minerals Price Performance

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

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds have recently bought and sold shares of the stock. Herr Investment Group LLC boosted its holdings in shares of Northern Dynasty Minerals by 10.7% in the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company's stock worth $3,204,000 after purchasing an additional 999,891 shares in the last quarter. Smith Anglin Financial LLC boosted its stake in Northern Dynasty Minerals by 61.5% in the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company's stock worth $35,000 after buying an additional 40,000 shares in the last quarter. Cadinha & Co. LLC boosted its stake in Northern Dynasty Minerals by 40.0% in the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock worth $464,000 after buying an additional 400,000 shares in the last quarter. BNP Paribas Financial Markets grew its position in Northern Dynasty Minerals by 673.8% during the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock valued at $407,000 after acquiring an additional 1,068,704 shares during the last quarter. Finally, Invenomic Capital Management LP raised its stake 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 acquiring an additional 4,145,767 shares in the last quarter. 10.55% of the stock is currently owned by institutional investors.

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.

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