Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.34. Northern Dynasty Minerals shares last traded at $0.31, with a volume of 1,128,302 shares trading hands.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reaffirmed a "buy" rating and set a $0.80 price objective on shares of Northern Dynasty Minerals in a research report on Wednesday, July 3rd.
Read Our Latest Research Report on Northern Dynasty Minerals
Northern Dynasty Minerals Stock Up 4.8 %
The firm has a market cap of $174.81 million, a PE ratio of -8.13 and a beta of 0.55.
Northern Dynasty Minerals (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM last issued its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share for the quarter. As a group, equities research analysts predict that Northern Dynasty Minerals Ltd. will post -0.03 earnings per share for the current year.
Hedge Funds Weigh In On Northern Dynasty Minerals
Hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Northern Dynasty Minerals in the 1st quarter valued at approximately $4,228,000. Herr Investment Group LLC grew its position in 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 acquiring an additional 999,891 shares during the period. Russell Investments Group Ltd. raised its stake 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 acquiring an additional 94,095 shares in the last quarter. Invenomic Capital Management LP bought a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at $947,000. Finally, GAM Holding AG boosted its stake in shares of Northern Dynasty Minerals by 56.3% in the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company's stock valued at $155,000 after purchasing an additional 180,000 shares in the last quarter. Institutional investors and hedge funds own 10.55% of the company's stock.
About Northern Dynasty Minerals
(
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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