Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.78. Northern Dynasty Minerals shares last traded at $0.71, with a volume of 3,353,170 shares trading hands.

Analysts Set New Price Targets

NAK has been the topic of a number of research analyst reports. StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a “sell” rating on the stock. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd. Finally, HC Wainwright reiterated a “buy” rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

Northern Dynasty Minerals Stock Down 6.0 %

The stock has a market cap of $383.98 million, a PE ratio of -17.85 and a beta of 0.51.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after buying an additional 39,500 shares during the period. Invenomic Capital Management LP boosted its holdings in 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 buying an additional 4,145,767 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 1,068,704 shares during the period. Virtu Financial LLC acquired a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth about $60,000. Finally, XTX Topco Ltd increased its stake 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 acquiring an additional 52,346 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors.

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.