Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.68 and traded as high as $1.13. Northern Dynasty Minerals shares last traded at $1.09, with a volume of 4,463,786 shares trading hands.

Wall Street Analysts Forecast Growth

NAK has been the topic of several recent analyst reports. HC Wainwright restated a "buy" rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Wall Street Zen raised shares of Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Down 3.1%

The firm has a market cap of $563.05 million, a PE ratio of -26.16 and a beta of 0.51. The company's fifty day moving average price is $1.03 and its two-hundred day moving average price is $0.69.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of large investors have recently added to or reduced their stakes in NAK. BNP Paribas Financial Markets raised its position in shares of Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock valued at $1,890,000 after buying an additional 2,022,304 shares during the last quarter. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals in the fourth quarter worth about $1,233,000. Wells Fargo & Company MN raised its stake in shares of Northern Dynasty Minerals by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock valued at $592,000 after purchasing an additional 78,554 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Northern Dynasty Minerals during the 1st quarter worth $823,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of Northern Dynasty Minerals in the first quarter worth about $460,000. 10.55% of the stock is owned by institutional investors and hedge funds.

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.