Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Pass Above 200-Day Moving Average - Time to Sell?
Northern Dynasty Minerals (NYSEAMERICAN:NAK) shares have surpassed their 200-day moving average, trading at $0.71 with a volume of 1,760,838 shares. Analysts have mixed opinions, with Canaccord Genuity rating it a "strong-buy" and StockNews.com issuing a "sell" rating. The stock has seen a 26.3% increase and has a market cap of $479.71 million. Institutional investors have also increased their stakes in the company, which focuses on mineral exploration in the U.S., particularly the Pebble project in Alaska.
Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.72. Northern Dynasty Minerals shares last traded at $0.71, with a volume of 1,760,838 shares.
Wall Street Analyst Weigh In
- With Gold Prices Surging, Here are 4 Gold Stocks to Buy
Several equities research analysts recently issued reports on the company. Canaccord Genuity Group raised Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd. StockNews.com started coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They set a "sell" rating for the company. Finally, HC Wainwright reissued a "buy" rating and issued a $1.30 target price on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.
Get Our Latest Stock Analysis on NAK
Northern Dynasty Minerals Stock Up 26.3 %
The firm has a market capitalization of $479.71 million, a PE ratio of -22.29 and a beta of 0.51. The company has a 50-day moving average price of $0.67.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allegheny Financial Group purchased a new stake in Northern Dynasty Minerals in the 4th quarter worth approximately $30,000. RFG Advisory LLC bought a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $31,000. Squarepoint Ops LLC purchased a new position in Northern Dynasty Minerals in the fourth quarter valued at about $44,000. Game Plan Financial Advisors LLC grew its stake in shares of Northern Dynasty Minerals by 29.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock worth $45,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock worth $31,000 after purchasing an additional 39,500 shares during the period. 10.55% of the stock is owned by institutional investors.
Northern Dynasty Minerals Company Profile
(Get Free Report)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.
Featured Stories
- Five stocks we like better than Northern Dynasty Minerals
- Are Penny Stocks a Good Fit for Your Portfolio?
- FedEx Delivers Another Crushing Blow to Its Stock Price
- How to Profit From Value Investing
- Analysts Stay Bullish on Rocket Lab as Signs of a Bottom Emerge
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Micron Stock Will Retest All-Time Highs This Year
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Northern Dynasty Minerals Right Now?
Before you consider Northern Dynasty Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Dynasty Minerals wasn't on the list.
While Northern Dynasty Minerals currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
