Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Cross Above 200-Day Moving Average - Should You Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) 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 $0.71. Northern Dynasty Minerals shares last traded at $0.69, with a volume of 2,173,852 shares.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com initiated coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They issued a "sell" rating on the stock. HC Wainwright reiterated a "buy" rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Finally, Canaccord Genuity Group raised Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Trading Up 4.4 %

The business's 50-day moving average price is $0.65. The company has a market cap of $370.86 million, a PE ratio of -17.23 and a beta of 0.51.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in NAK. Stifel Financial Corp grew its stake in shares of 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. Invenomic Capital Management LP lifted its stake in shares of Northern Dynasty Minerals by 145.4% in the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company's stock valued at $2,320,000 after purchasing an additional 4,145,767 shares during the period. BNP Paribas Financial Markets boosted its holdings 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 worth $407,000 after buying an additional 1,068,704 shares in the last quarter. Virtu Financial LLC acquired a new position in Northern Dynasty Minerals during the third quarter worth about $60,000. Finally, XTX Topco Ltd increased its holdings in Northern Dynasty Minerals by 104.4% in the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company's stock valued at $34,000 after buying an additional 52,346 shares in the last quarter. Institutional investors and hedge funds 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.

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