The price of Northern Dynasty Minerals Ltd. (AMEX:NAK) shares last traded on Wall Street fell -2.61% to $0.31.
Based on available information, 2 analysts follow Northern Dynasty Minerals Ltd. (AMEX:NAK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $0.90 and a low of $0.90, we find $0.90. Given the previous closing price of $0.32, this indicates a potential upside of 181.25 percent. NAK stock price is now 33.85% away from the 50-day moving average and 32.16% away from the 200-day moving average. The market capitalization of the company currently stands at $168.20M.
Among analysts, 0 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $0.90 as their price target over the next twelve months.
With the price target of $2.50, H.C. Wainwright recently initiated with Buy rating for Northern Dynasty Minerals Ltd. (AMEX: NAK).
A total of 37.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NAK stock. A new stake in Northern Dynasty Minerals Ltd. shares was purchased by QUINTET PRIVATE BANK (EUROPE) S.A. during the first quarter worth $76,000. ALPS ADVISORS INC invested $35,000 in shares of NAK during the first quarter. In the first quarter, SEQUOIA FINANCIAL ADVISORS, LLC acquired a new stake in Northern Dynasty Minerals Ltd. valued at approximately $15,000. BAADER BANK AKTIENGESELLSCHAFT acquired a new stake in NAK for approximately $14,000. CAPTRUST FINANCIAL ADVISORS purchased a new stake in NAK valued at around $7,000 in the second quarter. In total, there are 97 active investors with 17.90% ownership of the company’s stock.
A candlestick chart of Northern Dynasty Minerals Ltd. (AMEX: NAK) showed a price of $0.3200 on Friday morning. During the past 12 months, Northern Dynasty Minerals Ltd. has had a low of $0.20 and a high of $0.34. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.40, and a quick ratio of 3.40. The fifty day moving average price for NAK is $0.2332 and a two-hundred day moving average price translates $0.2350 for the stock.
The latest earnings results from Northern Dynasty Minerals Ltd. (AMEX: NAK) was released for Mar, 2023. The company reported revenue of $5.29 million for the quarter, compared to $3.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.42 percent.
Northern Dynasty Minerals Ltd.(NAK) Company Profile
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. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd. in October 1997. Northern Dynasty Minerals Ltd. was incorporated in 1983 and is headquartered in Vancouver, Canada.
