Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Cross Above 200-Day Moving Average – Here’s What Happened

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 $0.41. Northern Dynasty Minerals shares last traded at $0.39, with a volume of 1,184,491 shares traded.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Trading Down 3.1 %

The firm has a market capitalization of $211.22 million, a PE ratio of -9.82 and a beta of 0.55.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Smith Anglin Financial LLC boosted its holdings in Northern Dynasty Minerals by 61.5% in the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after acquiring an additional 40,000 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in 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. GAM Holding AG grew its position in Northern Dynasty Minerals by 56.3% during the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after purchasing an additional 180,000 shares during the last quarter. Cadinha & Co. LLC increased its stake in Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Herr Investment Group LLC raised its holdings in shares of Northern Dynasty Minerals by 10.7% in the second 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 last quarter. 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.