Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $2.13, but opened at $2.37. Northern Dynasty Minerals shares last traded at $2.4260, with a volume of 9,191,329 shares.
Northern Dynasty Minerals Price Performance
The stock’s 50-day moving average price is $2.00 and its 200 day moving average price is $1.57. The firm has a market cap of $1.33 billion, a P/E ratio of -19.71 and a beta of -0.06.
Hedge Funds Weigh In On Northern Dynasty Minerals
Hedge funds have recently modified their holdings of the stock. GAM Holding AG bought a new position in shares of Northern Dynasty Minerals during the second quarter worth approximately $3,752,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Northern Dynasty Minerals by 100.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,466,300 shares of the mining company’s stock valued at $1,983,000 after buying an additional 735,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Northern Dynasty Minerals by 37.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock worth $26,000 after buying an additional 5,000 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of Northern Dynasty Minerals by 986.5% during the second quarter. FNY Investment Advisers LLC now owns 217,300 shares of the mining company’s stock worth $291,000 after buying an additional 197,300 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Northern Dynasty Minerals by 232.7% in the second quarter. XTX Topco Ltd now owns 636,134 shares of the mining company’s stock valued at $852,000 after acquiring an additional 444,950 shares during the period. Institutional investors own 10.55% of the company’s stock.
Northern Dynasty Minerals Company Profile
Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.
The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.
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