Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Passes Above 200-Day Moving Average – What’s Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed 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 $0.70. Northern Dynasty Minerals shares last traded at $0.62, with a volume of 6,451,368 shares trading hands.

Analyst Upgrades and Downgrades

NAK has been the subject of a number of recent research reports. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They issued a “sell” rating for the company. Finally, HC Wainwright increased their price objective on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a report on Wednesday, November 6th.

Northern Dynasty Minerals Stock Up 4.6 %

The stock has a market cap of $349.52 million, a price-to-earnings ratio of -16.25 and a beta of 0.55.

Institutional Trading of Northern Dynasty Minerals

Several large investors have recently bought and sold shares of NAK. Stifel Financial Corp increased its position in Northern Dynasty Minerals by 71.8% during the third 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. XTX Topco Ltd raised its position in shares of Northern Dynasty Minerals by 104.4% during the 3rd 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 during the period. Smith Anglin Financial LLC lifted its holdings in Northern Dynasty Minerals by 61.5% in the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Northern Dynasty Minerals in the third quarter worth approximately $60,000. Hedge funds and other institutional investors 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.