Northern Dynasty Minerals Ltd (AMEX: NAK): Reassessing Prospects

Northern Dynasty Minerals Ltd (NAK) concluded trading on Thursday at a closing price of $0.64, with 3.45 million shares of worth about $2.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 63.16% during that period and on January 16, 2025 the price saw a loss of about -4.24%. Currently the company’s common shares owned by public are about 537.72M shares, out of which, 527.17M shares are available for trading.

Stock saw a price change of -1.53% in past 5 days and over the past one month there was a price change of 27.05%. Year-to-date (YTD), NAK shares are showing a performance of 9.46% which increased to 140.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.23 but also hit the highest price of $0.75 during that period. The average intraday trading volume for Northern Dynasty Minerals Ltd shares is 3.24 million. The stock is currently trading 7.82% above its 20-day simple moving average (SMA20), while that difference is up 22.37% for SMA50 and it goes to 67.16% higher than SMA200.

Northern Dynasty Minerals Ltd (AMEX: NAK) currently have 537.72M outstanding shares and institutions hold larger chunk of about 12.82% of that.

The stock has a current market capitalization of $342.26M and its 3Y-monthly beta is at 0.50. It has posted earnings per share of -$0.02 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.18. 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 8.98% while standing at 9.19% over the month.

Stock’s fiscal year EPS is expected to rise by 3.96%.

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. Stock get an Outperform rating from BMO Capital Markets on January 30, 2008.

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