Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.70. Northern Dynasty Minerals shares last traded at $0.62, with a volume of 6,451,368 shares.
Analyst Ratings Changes
NAK has been the subject of several analyst reports. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd. StockNews.com started coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They set a "sell" rating for the company. Finally, HC Wainwright lifted their price target on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a "buy" rating in a report on Wednesday, November 6th.
Read Our Latest Report on NAK
Northern Dynasty Minerals Stock Up 4.0 %
The company has a market capitalization of $347.58 million, a price-to-earnings ratio of -16.16 and a beta of 0.55.
Institutional Trading of Northern Dynasty Minerals
Large investors have recently made changes to their positions in the company. Invenomic Capital Management LP raised its holdings in Northern Dynasty Minerals by 145.4% in the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company's stock valued at $2,320,000 after acquiring an additional 4,145,767 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock valued at $407,000 after purchasing an additional 1,068,704 shares in the last quarter. Herr Investment Group LLC increased its holdings in shares of Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company's stock valued at $3,204,000 after purchasing an additional 999,891 shares during the last quarter. Cadinha & Co. LLC lifted its position in Northern Dynasty Minerals by 40.0% during the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock worth $464,000 after buying an additional 400,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Northern Dynasty Minerals during the third quarter worth $60,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.
Northern Dynasty Minerals Company Profile
(
Get Free Report)
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.
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