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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reduced their price objective on shares of Northern Dynasty Minerals from $0.90 to $0.80 and set a “buy” rating for the company in a research note on Tuesday, March 19th.

Northern Dynasty Minerals Trading Up 3.2 %

The company has a market capitalization of $157.34 million, a P/E ratio of -7.32 and a beta of 0.75.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NAK. Virtu Financial LLC boosted its holdings in shares of Northern Dynasty Minerals by 113.5% in the 4th quarter. Virtu Financial LLC now owns 114,856 shares of the mining company’s stock valued at $25,000 after acquiring an additional 61,047 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Northern Dynasty Minerals in the 1st quarter valued at $39,000. Integrated Advisors Network LLC boosted its holdings in shares of Northern Dynasty Minerals by 73.3% in the 4th quarter. Integrated Advisors Network LLC now owns 130,000 shares of the mining company’s stock valued at $42,000 after acquiring an additional 55,000 shares during the last quarter. GTS Securities LLC purchased a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at $45,000. Finally, Royal Bank of Canada boosted its holdings in shares of Northern Dynasty Minerals by 94.8% in the 2nd quarter. Royal Bank of Canada now owns 189,763 shares of the mining company’s stock valued at $45,000 after acquiring an additional 92,351 shares during the last quarter. Institutional investors and hedge funds 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.