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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) 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 $0.31. Northern Dynasty Minerals shares last traded at $0.29, with a volume of 1,932,473 shares trading hands.

Analyst Ratings Changes

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

Northern Dynasty Minerals Trading Up 3.2 %

The stock has a market cap of $157.34 million, a PE ratio of -7.32 and a beta of 0.75.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its quarterly earnings results on Monday, April 1st. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently made changes to their positions in the company. Integrated Advisors Network LLC grew its holdings in shares of Northern Dynasty Minerals by 73.3% during the fourth quarter. Integrated Advisors Network LLC now owns 130,000 shares of the mining company’s stock valued at $42,000 after buying an additional 55,000 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Northern Dynasty Minerals by 33.7% during the fourth quarter. Virtu Financial LLC now owns 189,793 shares of the mining company’s stock valued at $61,000 after buying an additional 47,858 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in Northern Dynasty Minerals in the fourth quarter worth approximately $947,000. BNP Paribas Financial Markets boosted its holdings in Northern Dynasty Minerals by 142.4% in the fourth quarter. BNP Paribas Financial Markets now owns 511,800 shares of the mining company’s stock worth $165,000 after purchasing an additional 300,680 shares during the last quarter. Finally, GAM Holding AG purchased a new stake in Northern Dynasty Minerals in the fourth quarter worth approximately $103,000. Hedge funds and other 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.