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

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.11 and traded as high as $2.04. Northern Dynasty Minerals shares last traded at $1.95, with a volume of 33,049,868 shares.

Analysts Set New Price Targets

Separately, HC Wainwright increased their target price on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a “buy” rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Northern Dynasty Minerals currently has an average rating of “Strong Buy” and an average target price of $2.50.

Northern Dynasty Minerals Trading Up 3.7%

The firm has a market cap of $1.08 billion, a P/E ratio of -17.73 and a beta of -0.60. The business’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $1.11.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of large investors have recently added to or reduced their stakes in NAK. Cerity Partners LLC acquired a new position in Northern Dynasty Minerals in the 1st quarter valued at $80,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Northern Dynasty Minerals in the 1st quarter valued at $823,000. Two Sigma Investments LP acquired a new position in Northern Dynasty Minerals in the 4th quarter valued at $218,000. Nations Financial Group Inc. IA ADV acquired a new position in Northern Dynasty Minerals in the 1st quarter valued at $460,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in Northern Dynasty Minerals in the 1st quarter valued at $56,000. 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.