Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Pass Above 200 Day Moving Average of $0.00

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $0.32. Northern Dynasty Minerals shares last traded at $0.31, with a volume of 3,751,966 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright cut their price target on shares of Northern Dynasty Minerals from $0.90 to $0.80 and set a “buy” rating on the stock in a report on Tuesday, March 19th.

Northern Dynasty Minerals Price Performance

The firm has a market cap of $166.96 million, a PE ratio of -7.76 and a beta of 0.71.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its quarterly earnings data on Wednesday, May 15th. The mining company reported ($0.01) earnings per share for the quarter.

Institutional Trading of Northern Dynasty Minerals

Several hedge funds have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC lifted 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 valued at $42,000 after buying an additional 55,000 shares during the last quarter. GAM Holding AG purchased a new stake in Northern Dynasty Minerals during the fourth quarter valued at about $103,000. Invenomic Capital Management LP bought a new position in Northern Dynasty Minerals during the fourth quarter worth about $947,000. Russell Investments Group Ltd. increased its stake in shares of Northern Dynasty Minerals by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock worth $2,356,000 after purchasing an additional 94,095 shares in the last quarter. Finally, Herr Investment Group LLC bought a new stake in shares of Northern Dynasty Minerals in the first quarter valued at approximately $2,986,000. Institutional investors own 10.55% of the company’s stock.

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.