Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $0.36. Northern Dynasty Minerals shares last traded at $0.35, with a volume of 1,318,069 shares.

Analysts Set New Price Targets

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

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of $187.07 million, a PE ratio of -8.70 and a beta of 0.55.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) EPS for the quarter. Analysts anticipate that Northern Dynasty Minerals Ltd. will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NAK. Integrated Advisors Network LLC increased its position 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 purchasing an additional 55,000 shares during the last quarter. GAM Holding AG raised its position in Northern Dynasty Minerals by 56.3% during the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after purchasing an additional 180,000 shares in the last quarter. Invenomic Capital Management LP bought a new stake in Northern Dynasty Minerals during the fourth quarter worth about $947,000. Russell Investments Group Ltd. boosted its holdings in shares of Northern Dynasty Minerals by 1.3% in the 1st 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 position in shares of Northern Dynasty Minerals during the 1st quarter valued at about $2,986,000. 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.