Northern Dynasty Minerals Ltd. (AMEX: NAK) – Not A Clear Buying Opportunity?


Keel Capital AB has recently announced that it has increased stake in Northern Dynasty Minerals Ltd. (AMEX:NAK) by 22.44%. After grabbing 1.6 million shares, the institutional investor is now in possession of 0.29 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 0.33% having worth around $2.59 million. Moreover, Creative Planning, Inc. increased its share by 0.38 million to have a control over 1.44 million shares. And Global X Management Co. LLC raised its holdings to 0.25 million shares by acquiring 1.14 million shares or 0.23% of the stake.

Northern Dynasty Minerals Ltd. (NAK) concluded trading on 08/27/20 at a closing price of $0.94, with 60.52 million shares of worth about $56.89 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -39.48% during that period and on Thursday the price saw a gain of about 6.26%. Currently the company’s common shares owned by public are about 506.59M shares, out of which, 467.95M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the NAK stock and their offered price forecasts bring an average price target of $2.99. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $3.72 and could fall to a lowest price of $1.70. Analysts also issued an outlook of 2.00 for the Northern Dynasty Minerals Ltd. stock for next 12 months. The stock’s current price level is 62.4% above of average price target set by the analysts, while a rise to estimated low would result in gain of 44.71 for the stock. However, touching the estimated high of $3.72 would mean a gain of 74.73% for the stock.

Kopernik Global All Cap Fund, Heptagon Fund Plc – Kopernik Glob, and Long Term Investment Fund (SIA) – are the top 3 mutual funds which are holding stakes in Northern Dynasty Minerals Ltd. Kopernik Global All Cap Fund is currently holding 11.88 million shares of worth totaling $19.24 million. The company recently came selling -1.36 million shares which brought its stake up to 2.44% of the company’s outstanding shares. Long Term Investment Fund (SIA) -, after selling 2.79 million shares, have now control over 0.57% of the stake in the company. It holds 6675.0 shares of worth $4.52 million.

Northern Dynasty Minerals Ltd. (AMEX: NAK) started trading at $1.05, above $0.17 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.94, or with a gain of 6.26%. Stock saw a price change of -39.48% in past 5 days and over the past one month there was a price change of -46.70%. Year-to-date (YTD), NAK shares are showing a performance of 119.16% which increased to 41.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.35 but also hit the highest price of $2.49 during that period. While comparing its average daily trading volume of 14.55 million shares, we see that about 60.52 million changed hands on the day. The stock is currently trading -34.70% below its 20-day simple moving average (SMA20), while that difference is down -39.75% for SMA50 and it goes to 11.77% higher than SMA200.

Keel Capital AB acquired 1.6 million shares of Northern Dynasty Minerals Ltd. having value of about $2.59 million. Data submitted at the U.S SEC by Keel Capital AB revealed that the firm now holds 0.29 million shares in the company valued at close to $275234.82, or have control over 22.44% stake in the company. Northern Dynasty Minerals Ltd. (AMEX: NAK) currently have 506.59M outstanding shares and institutions hold larger chunk of about 17.90% of that. Holding of mutual funds in the company is about 2.18% while other institutional holders and individual stake holders have control over 7.00% and — of the stake respectively.

The stock has a current market capitalization of $499.93M and its 3Y-monthly beta is at 2.47. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NAK, volatility over the week remained 38.58% while standing at 15.72% over the month.

Analysts are in expectations that Northern Dynasty Minerals Ltd. (NAK) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter ESPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -277.90%.

Analysts at 5 brokerage firms have issued recommendations for the Northern Dynasty Minerals Ltd. (NAK)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 5 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on October 19, 2017 offering a Buy rating for the stock and assigned a target price of $2.50 to it. Coverage by Gabelli & Co stated Northern Dynasty Minerals Ltd. (NAK) stock as a Buy in their note to investors on December 21, 2016, suggesting a price target of $3 for the stock. On April 07, 2009, Canaccord Adams Downgrade their recommendations, while on October 27, 2008, Canaccord Adams Initiated their ratings for the stock with a price target of. Stock get an Outperform rating from BMO Capital Markets on January 30, 2008.


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