Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Pass Above 200-Day Moving Average – Time to Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (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.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Stock Up 26.3 %

The firm has a market capitalization of $479.71 million, a PE ratio of -22.29 and a beta of 0.51. The company has a 50-day moving average price of $0.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allegheny Financial Group purchased a new stake in Northern Dynasty Minerals in the 4th quarter worth approximately $30,000. RFG Advisory LLC bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $31,000. Squarepoint Ops LLC purchased a new position in Northern Dynasty Minerals in the fourth quarter valued at about $44,000. Game Plan Financial Advisors LLC grew its stake in shares of Northern Dynasty Minerals by 29.5% during 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. Finally, Stifel Financial Corp lifted its holdings in shares of 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 period. 10.55% of the stock is 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.