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

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed 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 trading hands.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Stock Performance

The company has a market cap of $166.96 million, a price-to-earnings ratio of -7.76 and a beta of 0.71.

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

Hedge Funds Weigh In On Northern Dynasty Minerals

Several large investors have recently modified their holdings of the stock. GAM Holding AG bought a new position in Northern Dynasty Minerals during the 4th quarter valued at about $103,000. Invenomic Capital Management LP bought a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at approximately $947,000. Integrated Advisors Network LLC raised its holdings in shares of Northern Dynasty Minerals by 73.3% in the fourth 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. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Northern Dynasty Minerals in the first quarter worth approximately $4,228,000. Finally, Russell Investments Group Ltd. lifted 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 acquiring an additional 94,095 shares during the last quarter. 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.