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

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.64. Northern Dynasty Minerals shares last traded at $0.60, with a volume of 3,530,982 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NAK. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd. StockNews.com began coverage on shares of Northern Dynasty Minerals in a research note on Friday, December 27th. They set a "sell" rating on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.

Northern Dynasty Minerals Trading Down 0.7 %

The stock has a market capitalization of $392.22 million, a price-to-earnings ratio of -18.23 and a beta of 0.51. The firm has a 50 day moving average of $0.64.

Hedge Funds Weigh In On Northern Dynasty Minerals

Large investors have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC boosted its position in shares of Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock worth $45,000 after acquiring an additional 18,000 shares during the last quarter. Smith Anglin Financial LLC increased its holdings in shares of Northern Dynasty Minerals by 19.0% during the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company's stock worth $73,000 after buying an additional 20,000 shares during the last quarter. Stifel Financial Corp raised its position in shares of Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock worth $31,000 after buying an additional 39,500 shares during the period. Allegheny Financial Group acquired a new position in Northern Dynasty Minerals in the fourth quarter valued at $30,000. Finally, XTX Topco Ltd boosted 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 acquiring an additional 52,346 shares during the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

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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.