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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAKGet Free Report) (TSE:NDM) shares 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 $0.69. Northern Dynasty Minerals shares last traded at $0.64, with a volume of 4,443,372 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. HC Wainwright lifted their target price on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd. Finally, StockNews.com assumed coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They issued a “sell” rating for the company.

Check Out Our Latest Stock Analysis on NAK

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $345.15 million, a PE ratio of -16.05 and a beta of 0.51.

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently added to or reduced their stakes in NAK. RFG Advisory LLC purchased a new position in Northern Dynasty Minerals during the fourth quarter valued at $31,000. Stifel Financial Corp grew 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 worth $31,000 after acquiring an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Northern Dynasty Minerals in the third quarter worth $33,000. XTX Topco Ltd grew its holdings in shares of Northern Dynasty Minerals by 104.4% in the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after acquiring an additional 52,346 shares during the period. Finally, Smith Anglin Financial LLC grew its holdings in Northern Dynasty Minerals by 61.5% during the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after purchasing an additional 40,000 shares during the period. 10.55% of the stock is currently owned by institutional investors.

About Northern Dynasty Minerals

(Get Free Report)

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.

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