Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.34. Northern Dynasty Minerals shares last traded at $0.31, with a volume of 1,128,302 shares changing hands.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $0.80 price target on shares of Northern Dynasty Minerals in a report on Wednesday, July 3rd.

Northern Dynasty Minerals Price Performance

The firm has a market capitalization of $166.75 million, a price-to-earnings ratio of -7.75 and a beta of 0.55.

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

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Northern Dynasty Minerals during the 1st quarter worth about $4,228,000. Integrated Advisors Network LLC grew its position in shares of Northern Dynasty Minerals by 73.3% during the 4th quarter. Integrated Advisors Network LLC now owns 130,000 shares of the mining company’s stock worth $42,000 after buying an additional 55,000 shares during the period. Invenomic Capital Management LP acquired a new position in shares of Northern Dynasty Minerals during the 4th quarter worth about $947,000. Russell Investments Group Ltd. grew its position 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 grew its position in shares of Northern Dynasty Minerals by 10.7% during the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock worth $3,204,000 after buying an additional 999,891 shares during the period. 10.55% of the stock is owned by institutional investors.

About Northern Dynasty Minerals

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.