Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Pass Above 200-Day Moving Average of $0.00

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK – Get Rating) (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 $0.26. Northern Dynasty Minerals shares last traded at $0.26, with a volume of 442,632 shares changing hands.

Northern Dynasty Minerals Stock Performance

The firm has a market cap of $136.68 million, a P/E ratio of -6.45 and a beta of 0.97.

Northern Dynasty Minerals (NYSEAMERICAN:NAK – Get Rating) (TSE:NDM) last posted its earnings results on Monday, November 14th. The mining company reported ($0.01) EPS for the quarter. On average, analysts predict that Northern Dynasty Minerals Ltd. will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Northern Dynasty Minerals by 20.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,080,061 shares of the mining company’s stock valued at $2,627,000 after acquiring an additional 1,728,752 shares during the period. LCM Capital Management Inc boosted its position in Northern Dynasty Minerals by 13.6% during the second quarter. LCM Capital Management Inc now owns 347,300 shares of the mining company’s stock worth $91,000 after purchasing an additional 41,500 shares in the last quarter. Millennium Management LLC grew its holdings in Northern Dynasty Minerals by 34.5% in the second quarter. Millennium Management LLC now owns 389,467 shares of the mining company’s stock valued at $101,000 after purchasing an additional 99,796 shares during the period. Renaissance Technologies LLC increased its position in shares of Northern Dynasty Minerals by 207.5% in the second quarter. Renaissance Technologies LLC now owns 364,497 shares of the mining company’s stock valued at $95,000 after buying an additional 245,968 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Northern Dynasty Minerals by 243.5% during the 1st quarter. UBS Group AG now owns 132,433 shares of the mining company’s stock valued at $56,000 after buying an additional 93,875 shares in the last quarter. Institutional investors and hedge funds own 12.00% of the company’s stock.

Northern Dynasty Minerals Company Profile

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Northern Dynasty Minerals Ltd. engages in the exploration and development of gold and copper mineral properties. It holds interest in the Pebble Copper-Gold-Molybdenum Project, which is an undeveloped copper-gold-molybdenum-silver resource. The company was founded on May 11, 1983 and is headquartered in Vancouver, Canada.