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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $0.35. Northern Dynasty Minerals shares last traded at $0.34, with a volume of 1,944,591 shares changing hands.

A number of research firms have recently weighed in on NAK. HC Wainwright lowered their price objective on Northern Dynasty Minerals from $1.20 to $1.10 and set a “buy” rating for the company in a research report on Thursday, January 6th. Zacks Investment Research cut Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, November 11th.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its quarterly earnings data on Monday, November 15th. The mining company reported ($0.02) earnings per share for the quarter. On average, equities research analysts predict that Northern Dynasty Minerals Ltd. will post -0.06 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at about $30,000. Squarepoint Ops LLC acquired a new stake in shares of Northern Dynasty Minerals during the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Northern Dynasty Minerals by 1,195.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 62,308 shares of the mining company’s stock valued at $31,000 after acquiring an additional 57,500 shares during the period. UBS Group AG boosted its holdings in Northern Dynasty Minerals by 136.7% in the 3rd quarter. UBS Group AG now owns 107,457 shares of the mining company’s stock worth $49,000 after buying an additional 62,060 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Northern Dynasty Minerals in the 3rd quarter worth about $64,000. Institutional investors and hedge funds own 13.87% of the company’s stock.

About Northern Dynasty Minerals (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project comprising 2,402 mineral claims that covers an area of approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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