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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd. StockNews.com initiated coverage on shares of Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a "sell" rating on the stock. Finally, HC Wainwright raised their target price on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a "buy" rating in a research note on Wednesday, November 6th.

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $342.28 million, a PE ratio of -15.91 and a beta of 0.51.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its holdings 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 acquiring an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Northern Dynasty Minerals in the third quarter valued at $33,000. XTX Topco Ltd increased its position in shares of 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. Smith Anglin Financial LLC raised its stake 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 buying an additional 40,000 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth $60,000. 10.55% of the stock is currently owned by hedge funds and other 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.