Northern Dynasty Minerals (NYSEAMERICAN:NAK) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.42. Northern Dynasty Minerals shares last traded at $0.42, with a volume of 2,478,406 shares changing hands.

Northern Dynasty Minerals Price Performance

The firm has a market capitalization of $225.41 million, a price-to-earnings ratio of -10.48 and a beta of 0.52.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its quarterly earnings data on Wednesday, August 14th. The mining company reported ($0.01) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Northern Dynasty Minerals Ltd. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds have recently bought and sold shares of the business. Smith Anglin Financial LLC raised its position in shares of Northern Dynasty Minerals by 61.5% during the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after buying an additional 40,000 shares during the last quarter. GAM Holding AG grew its holdings in Northern Dynasty Minerals by 56.3% in the second 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 lifted its stake in shares of Northern Dynasty Minerals by 40.0% during the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock worth $464,000 after buying an additional 400,000 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Northern Dynasty Minerals by 1.3% during 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 during the last quarter. Finally, Herr Investment Group LLC purchased a new position in shares of Northern Dynasty Minerals during the 1st quarter valued at approximately $2,986,000. Institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

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.