Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Crosses Above 200-Day Moving Average of $0.00

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s stock price 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 $0.34. Northern Dynasty Minerals shares last traded at $0.34, with a volume of 679,429 shares traded.

Analyst Ratings Changes

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

Northern Dynasty Minerals Stock Down 3.0 %

The stock has a market capitalization of $178.63 million, a PE ratio of -8.31 and a beta of 0.55.

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

Institutional Trading of Northern Dynasty Minerals

Several institutional investors have recently made changes to their positions in NAK. Invenomic Capital Management LP purchased a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth $947,000. Integrated Advisors Network LLC lifted its holdings 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. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Northern Dynasty Minerals in the 1st quarter valued at approximately $4,228,000. Russell Investments Group Ltd. increased its holdings in 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 buying an additional 94,095 shares during the last quarter. Finally, Herr Investment Group LLC bought a new position in Northern Dynasty Minerals during the first quarter valued at approximately $2,986,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.

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.