Northern Dynasty Minerals (NYSEAMERICAN:NAK) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s stock price passed 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 $0.78. Northern Dynasty Minerals shares last traded at $0.71, with a volume of 3,353,170 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NAK. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd. HC Wainwright restated a “buy” rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th. Finally, StockNews.com initiated coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating for the company.

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $383.98 million, a price-to-earnings ratio of -17.85 and a beta of 0.51.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in shares of 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 purchasing an additional 39,500 shares in the last quarter. RFG Advisory LLC acquired a new stake in Northern Dynasty Minerals during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Dynasty Minerals during the third quarter worth approximately $33,000. XTX Topco Ltd grew its holdings 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 acquiring an additional 52,346 shares in the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock valued at $45,000 after purchasing an additional 18,000 shares in the last quarter. 10.55% of the stock is 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.