Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Passes Above Two Hundred Day Moving Average of $0.00


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Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares passed 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 $0.58. Northern Dynasty Minerals shares last traded at $0.57, with a volume of 6,411,970 shares trading hands.

Several brokerages have issued reports on NAK. HC Wainwright restated a “buy” rating and issued a $1.20 target price (up from $0.80) on shares of Northern Dynasty Minerals in a research note on Thursday, February 11th. Zacks Investment Research upgraded Northern Dynasty Minerals from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Friday, April 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $1.65.

The company has a market cap of $291.01 million, a P/E ratio of -5.16 and a beta of 1.17. The stock’s fifty day moving average price is $0.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in Northern Dynasty Minerals during the 1st quarter valued at approximately $30,000. Citigroup Inc. raised its position in Northern Dynasty Minerals by 104.3% during the 4th quarter. Citigroup Inc. now owns 108,881 shares of the mining company’s stock valued at $35,000 after purchasing an additional 55,581 shares during the last quarter. CIBC World Markets Inc. bought a new position in Northern Dynasty Minerals during the 4th quarter valued at approximately $64,000. Valeo Financial Advisors LLC raised its position in Northern Dynasty Minerals by 5,544.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 183,450 shares of the mining company’s stock valued at $116,000 after purchasing an additional 180,200 shares during the last quarter. Finally, Morgan Stanley raised its position in Northern Dynasty Minerals by 149.5% during the 3rd quarter. Morgan Stanley now owns 137,340 shares of the mining company’s stock valued at $134,000 after purchasing an additional 82,298 shares during the last quarter. 10.01% of the stock is owned by institutional investors and hedge funds.

About Northern Dynasty Minerals (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that covers an area of approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

Further Reading: Commodities

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