Northern Dynasty Minerals Ltd. [NAK] stock Initiated by H.C. Wainwright analyst, price target now $2.50

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Northern Dynasty Minerals Ltd. [AMEX: NAK] plunged by -$0.01 during the normal trading session on Monday and reaching a high of $0.69 during the day while it closed the day at $0.65. The company report on March 2, 2021 that Media Advisory – Minister Lametti to make a funding announcement.

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The Honourable David Lametti, P.C., Q.C., Minister of Justice and Attorney General of Canada and Parliamentary Secretary to the Minister of Justice, Arif Varani, accompanied by representatives for Ryerson University and Maliganik Tukisiniarvik, will make a funding announcement. Following the address to recipients, Minister Lametti and the recipients will be available to media.


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Northern Dynasty Minerals Ltd. stock has also loss -17.48% of its value over the past 7 days. However, NAK stock has inclined by 80.08% in the 3 months of the year. Over the past six months meanwhile, it has lost -33.59% and gained 102.45% year-on date.

The market cap for NAK stock reached $316.12 million, with 499.29 million shares outstanding and 497.88 million shares in the current float. Compared to the average trading volume of 43.19M shares, NAK reached a trading volume of 15780664 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Northern Dynasty Minerals Ltd. [NAK]:

H.C. Wainwright have made an estimate for Northern Dynasty Minerals Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 19, 2017. While these analysts kept the previous recommendation, Gabelli & Co raised their target price to Buy. The new note on the price target was released on December 21, 2016, representing the official price target for Northern Dynasty Minerals Ltd. stock.

The Average True Range (ATR) for Northern Dynasty Minerals Ltd. is set at 0.11 The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 0.10.

NAK stock trade performance evaluation

Northern Dynasty Minerals Ltd. [NAK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.48. With this latest performance, NAK shares gained by 6.45% in over the last four-week period, additionally sinking by -33.59% over the last 6 months – not to mention a rise of 19.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NAK stock in for the last two-week period is set at 45.85, with the RSI for the last a single of trading hit 40.77, and the three-weeks RSI is set at 48.41 for Northern Dynasty Minerals Ltd. [NAK]. The present Moving Average for the last 50 days of trading for this stock 0.6012, while it was recorded at 0.6809 for the last single week of trading, and 0.9941 for the last 200 days.

Northern Dynasty Minerals Ltd. [NAK]: An insightful look at the core fundamentals

Return on Total Capital for NAK is now -47.53, given the latest momentum, and Return on Invested Capital for the company is -48.27. Return on Equity for this stock declined to -48.44, with Return on Assets sitting at -43.86. When it comes to the capital structure of this company, Northern Dynasty Minerals Ltd. [NAK] has a Total Debt to Total Equity ratio set at 2.55. Additionally, NAK Total Debt to Total Capital is recorded at 2.49, with Total Debt to Total Assets ending up at 2.29. Long-Term Debt to Equity for the company is recorded at 0.67, with the Long-Term Debt to Total Capital now at 0.66.

Northern Dynasty Minerals Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.80 and a Current Ratio set at 3.80.

Northern Dynasty Minerals Ltd. [NAK]: Insider Ownership positions

There are presently around $35 million, or 17.90% of NAK stock, in the hands of institutional investors. The top three institutional holders of NAK stocks are: KOPERNIK GLOBAL INVESTORS, LLC with ownership of 26,079,606, which is approximately 20.787% of the company’s market cap and around 37.40% of the total institutional ownership; RUSSELL INVESTMENTS GROUP, LTD., holding 9,529,222 shares of the stock with an approximate value of $6.21 million in NAK stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $1.48 million in NAK stock with ownership of nearly 47.871% of the company’s market capitalization.

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Positions in Northern Dynasty Minerals Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 30 institutional holders increased their position in Northern Dynasty Minerals Ltd. [AMEX:NAK] by around 11,260,392 shares. Additionally, 44 investors decreased positions by around 8,846,855 shares, while 25 investors held positions by with 33,356,306 shares. The mentioned changes placed institutional holdings at 53,463,553 shares, according to the latest SEC report filing. NAK stock had 12 new institutional investments in for a total of 2,381,079 shares, while 23 institutional investors sold positions of 2,778,564 shares during the same period.

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