Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.40. Northern Dynasty Minerals shares last traded at $0.39, with a volume of 4,797,672 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $0.80 target price on shares of Northern Dynasty Minerals in a research note on Wednesday, July 3rd.

Northern Dynasty Minerals Stock Performance

The company has a market cap of $209.82 million, a P/E ratio of -9.76 and a beta of 0.55.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NAK. Integrated Advisors Network LLC lifted its stake in Northern Dynasty Minerals by 73.3% in the fourth quarter. Integrated Advisors Network LLC now owns 130,000 shares of the mining company’s stock worth $42,000 after acquiring an additional 55,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Northern Dynasty Minerals during the first quarter worth approximately $4,228,000. Russell Investments Group Ltd. raised its holdings in 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 in the last quarter. Herr Investment Group LLC acquired a new stake in Northern Dynasty Minerals during the first quarter worth approximately $2,986,000. Finally, GAM Holding AG raised its holdings in Northern Dynasty Minerals by 56.3% during 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 in the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

About Northern Dynasty Minerals

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.