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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price passed 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 $0.72. Northern Dynasty Minerals shares last traded at $0.71, with a volume of 1,760,838 shares trading hands.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Stock Performance

The stock has a market capitalization of $640.26 million, a P/E ratio of -29.75 and a beta of 0.51. The company has a fifty day moving average price of $0.69.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds have recently made changes to their positions in the business. Stifel Financial Corp raised its position in 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 buying an additional 39,500 shares during the last quarter. Invenomic Capital Management LP lifted its position in 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 increased its position in Northern Dynasty Minerals by 673.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock worth $407,000 after purchasing an additional 1,068,704 shares during the period. Virtu Financial LLC purchased a new position in Northern Dynasty Minerals in the third quarter worth $60,000. Finally, XTX Topco Ltd increased its holdings in shares of Northern Dynasty Minerals by 104.4% in the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company's stock valued at $34,000 after purchasing an additional 52,346 shares in the last quarter. Institutional investors and hedge funds own 10.55% of the company's stock.

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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.