Market Analysts see Northern Dynasty Minerals Ltd. [NAK] gaining to $2.50. Time to buy?

Northern Dynasty Minerals Ltd. [AMEX: NAK] traded at a high on 03/30/21, posting a 7.70 gain after which it closed the day’ session at $0.65. The company report on March 15, 2021 that Northern Dynasty: US Army Corps of Engineers’ Claim That Economic Costs of Pebble Project Outweigh Project Benefits Contradicts the Administrative Record.

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Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (“Northern Dynasty” or the “Company”) reports that its Request for Appeal (“RFA”) of a federal permitting decision concerning Alaska’s Pebble Project challenges key conclusions reached by the US Army Corps of Engineers (“USACE”) with respect to the project’s economic benefits and costs.

Prepared and submitted by the Company’s 100%-owned US-based subsidiary Pebble Limited Partnership (the “Pebble Partnership”), the RFA asserts that the USACE’s Public Interest Review (“PIR”) for the Pebble Project, published coincident with its Record of Decision (“ROD”) in November 2020, is contrary to the law and inconsistent with the record – including the Final Environmental Impact Statement (“EIS” or “FEIS”). The Pebble Partnership believes the social and economic impact conclusions drawn by the USACE in the PIR give “undue weight to speculative harms not supported by the record while giving little weight to the Project’s undisputed benefits to local communities, the region, and the State.” (RFA p. 3).

The results of the trading session contributed to over 11955064 shares changing hands. Over the past one week, the price volatility of Northern Dynasty Minerals Ltd. stands at 8.65% while the volatility over the past one month is 8.52%.

The market cap for NAK stock reached $337.48 million, with 499.29 million shares outstanding and 497.88 million shares in the current float. Compared to the average trading volume of 43.74M shares, NAK reached a trading volume of 11955064 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 0.06 The Price to Book ratio for the last quarter was 2.15, with the Price to Cash per share for the same quarter was set at 0.10.

How has NAK stock performed recently?

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 -2.09. With this latest performance, NAK shares dropped by -18.20% in over the last four-week period, additionally sinking by -36.02% over the last 6 months – not to mention a rise of 60.95% 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 45.37, with the RSI for the last a single of trading hit 43.26, and the three-weeks RSI is set at 47.40 for Northern Dynasty Minerals Ltd. [NAK]. The present Moving Average for the last 50 days of trading for this stock 0.6935, while it was recorded at 0.6257 for the last single week of trading, and 0.9543 for the last 200 days.

Northern Dynasty Minerals Ltd. [NAK]: Deeper insight into the 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.

Insider trade positions for Northern Dynasty Minerals Ltd. [NAK]

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 $6.16 million in NAK stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $1.47 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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