Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.79 and traded as high as $1.56. Northern Dynasty Minerals shares last traded at $1.55, with a volume of 16,102,281 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Northern Dynasty Minerals to a "sell" rating in a research note on Wednesday, May 21st.

Northern Dynasty Minerals Stock Performance

The company has a market capitalization of $830.66 million, a PE ratio of -15.40 and a beta of -0.77. The firm's 50-day simple moving average is $1.15 and its 200-day simple moving average is $0.81.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several hedge funds have recently modified their holdings of NAK. Wells Fargo & Company MN lifted its position in shares of Northern Dynasty Minerals by 8.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock worth $592,000 after purchasing an additional 78,554 shares during the period. XTX Topco Ltd lifted its position in shares of Northern Dynasty Minerals by 197.6% in the 4th quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock worth $177,000 after purchasing an additional 202,580 shares during the period. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals in the 4th quarter worth approximately $1,233,000. Allegheny Financial Group purchased a new stake in shares of Northern Dynasty Minerals in the 4th quarter worth approximately $30,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Northern Dynasty Minerals by 164.8% in the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock worth $1,890,000 after purchasing an additional 2,022,304 shares during the period. Hedge funds and other institutional investors own 10.55% of the company's stock.

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.