Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.64. Northern Dynasty Minerals shares last traded at $0.60, with a volume of 3,530,982 shares trading hands.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Stock Performance

The stock has a market cap of $323.73 million, a PE ratio of -15.04 and a beta of 0.51.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in Northern Dynasty Minerals during the fourth quarter worth about $44,000. Two Sigma Advisers LP bought a new position in shares of Northern Dynasty Minerals in the fourth quarter worth about $82,000. Two Sigma Investments LP bought a new position in shares of Northern Dynasty Minerals in the fourth quarter worth about $218,000. Tidal Investments LLC acquired a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $143,000. Finally, Bank of America Corp DE increased its stake in shares of Northern Dynasty Minerals by 1,042.0% in the fourth quarter. Bank of America Corp DE now owns 138,092 shares of the mining company’s stock valued at $80,000 after buying an additional 126,000 shares during the period. 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.