Keel Capital AB recently announced the acquisition of new stake in Northern Dynasty Minerals Ltd. (AMEX:NAK). The institutional investor has increased its shareholding in the Basic Materials company by 22.44% to 1.6 million shares with purchase of 0.29 million shares. This fresh investment now brings its stake to 0.33% valued currently at $2.59 million. In addition, Creative Planning, Inc. raised its holdings by 0.38 million to 1.44 million shares. And Global X Management Co. LLC has lifted its position by 27.74% or 0.25 million shares – to 1.14 million shares.
With over 30.25 million Northern Dynasty Minerals Ltd. (NAK) shares trading Monday and a closing price of $1.05 on the day, the dollar volume was approximately $31.76 million. The shares have shown a positive weekly performance of 17.19% and its price on 08/31/20 gained nearly 15.31%. Currently, there are 506.59M common shares owned by the public and among those 467.93M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for NAK have a consensus price objective of $2.99. The analysts have set the share’s price value over the next 12 months at a high of $3.72 and a low of $1.70 should the stock experience a downside. Incidentally, analysts’ outlook for the Northern Dynasty Minerals Ltd. stock is 2.00 for the next 12 months. But an upside of 71.77% will see the stock hit the forecast high price target while mean target price for the stock is $3.36.
The top 3 mutual fund holders in Northern Dynasty Minerals Ltd. are Kopernik Global All Cap Fund, Heptagon Fund Plc – Kopernik Glob, and Long Term Investment Fund (SIA) -. Kopernik Global All Cap Fund owns 11.88 million shares of the company’s stock, all valued at over $19.24 million. The company sold -1.36 million shares recently to bring their total holdings to about 2.44% of the shares outstanding. Long Term Investment Fund (SIA) – sold 6675.0 shares to bring its total holdings to over 2.79 million shares at a value of $4.52 million. Long Term Investment Fund (SIA) – now owns shares totaling to 0.57% of the shares outstanding.
Shares of Northern Dynasty Minerals Ltd. (AMEX: NAK) opened at $0.96, up $0.05 from a prior closing price of $0.91. However, the script later closed the day at $1.05, up 15.31%. The company’s stock has a 5-day price change of 17.19% and -12.50% over the past three months. NAK shares are trading 145.33% year to date (YTD), with the 12-month market performance up to 61.09% higher. It has a 12-month low price of $0.35 and touched a high of $2.49 over the same period. Currently, 30.25 million shares have been traded, compared to an average intraday trading volume of 15.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.27%, -31.64%, and 24.59% respectively.
Institutional ownership of Northern Dynasty Minerals Ltd. (AMEX: NAK) shares accounts for 17.90% of the company’s 506.59M shares outstanding. Mutual fund holders own 2.18%, while other institutional holders and individual stakeholders account for 7.07% and — respectively.
It has a market capitalization of $534.57M and a beta (3y monthly) value of 2.19. The earnings-per-share (ttm) stands at -$0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 31.54% over the week and 16.19% over the month.
Analysts forecast that Northern Dynasty Minerals Ltd. (NAK) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Northern Dynasty Minerals Ltd. (NAK) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the NAK, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on October 19, 2017, with the firm’s price target at $2.50. Gabelli & Co coverage for the Northern Dynasty Minerals Ltd. (NAK) stock in a research note released on December 21, 2016 offered a Buy rating with a price target of $3. Canaccord Adams was of a view on April 07, 2009 that the stock is Sell, while Canaccord Adams gave the stock Buy rating on October 27, 2008, issuing a price target of. BMO Capital Markets on their part issued Outperform rating on January 30, 2008.