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

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.41. Northern Dynasty Minerals shares last traded at $0.39, with a volume of 1,184,491 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $0.80 price objective on shares of Northern Dynasty Minerals in a research note on Wednesday, July 3rd.

Northern Dynasty Minerals Stock Performance

The firm has a market cap of $211.22 million, a P/E ratio of -9.82 and a beta of 0.55.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share for the quarter. Analysts predict that Northern Dynasty Minerals Ltd. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smith Anglin Financial LLC grew its position in shares of Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after acquiring an additional 40,000 shares during the period. GAM Holding AG grew its holdings in Northern Dynasty Minerals by 56.3% in the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after purchasing an additional 180,000 shares during the period. Cadinha & Co. LLC increased its position in shares of Northern Dynasty Minerals by 40.0% in the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after buying an additional 400,000 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Northern Dynasty Minerals by 1.3% during the 1st quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock worth $2,356,000 after buying an additional 94,095 shares during the period. Finally, Herr Investment Group LLC purchased a new position in shares of Northern Dynasty Minerals during the 1st quarter valued at approximately $2,986,000. Institutional investors and hedge funds 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.