Northern Dynasty Minerals Ltd. [NAK] moved down -2.39: Why It’s Important

Northern Dynasty Minerals Ltd. [AMEX: NAK] stock went on a downward path that fall over -2.39% on Tuesday, amounting to a one-week price increase of more than 3.40%. The company report on July 2, 2021 that Northern Dynasty Reports Annual General Meeting Results.

Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (“Northern Dynasty” or the “Company”) announces the voting results from its 2021 Annual General Meeting held on June 30, 2021 in Vancouver, British Columbia (the “Meeting”).

At the Meeting, a total of 211,163,589 common shares were voted, representing 41.17% of the votes attached to all outstanding common shares of record. Shareholders voted in favour of all items of business before the Meeting, which included the election of the following directors:.

Over the last 12 months, NAK stock dropped by -72.67%. The average equity rating for NAK stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $225.18 million, with 511.26 million shares outstanding and 501.36 million shares in the current float. Compared to the average trading volume of 5.21M shares, NAK stock reached a trading volume of 3350995 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 0.02 The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 0.06.

NAK Stock Performance Analysis:

Northern Dynasty Minerals Ltd. [NAK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.40. With this latest performance, NAK shares dropped by -13.94% in over the last four-week period, additionally sinking by -30.79% over the last 6 months – not to mention a drop of -72.67% 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 41.87, with the RSI for the last a single of trading hit 44.13, and the three-weeks RSI is set at 40.98 for Northern Dynasty Minerals Ltd. [NAK]. The present Moving Average for the last 50 days of trading for this stock 0.4952, while it was recorded at 0.4340 for the last single week of trading, and 0.5968 for the last 200 days.

Insight into Northern Dynasty Minerals Ltd. Fundamentals:

Return on Total Capital for NAK is now -37.87, given the latest momentum, and Return on Invested Capital for the company is -39.15. Return on Equity for this stock declined to -39.35, with Return on Assets sitting at -36.52. 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 1.09. Additionally, NAK Total Debt to Total Capital is recorded at 1.08, with Total Debt to Total Assets ending up at 1.04. Long-Term Debt to Equity for the company is recorded at 0.38, with the Long-Term Debt to Total Capital now at 0.38.

Northern Dynasty Minerals Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 4.70.

Northern Dynasty Minerals Ltd. [NAK] Insider Position Details

There are presently around $27 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 26,781,401, which is approximately 2.691% of the company’s market cap and around 37.40% of the total institutional ownership; RUSSELL INVESTMENTS GROUP, LTD., holding 14,561,858 shares of the stock with an approximate value of $6.25 million in NAK stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $2.52 million in NAK stock with ownership of nearly 158.372% 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 August and at the time of the August reporting period, where 36 institutional holders increased their position in Northern Dynasty Minerals Ltd. [AMEX:NAK] by around 16,836,605 shares. Additionally, 30 investors decreased positions by around 7,887,893 shares, while 31 investors held positions by with 37,924,532 shares. The mentioned changes placed institutional holdings at 62,649,030 shares, according to the latest SEC report filing. NAK stock had 17 new institutional investments in for a total of 1,525,384 shares, while 16 institutional investors sold positions of 4,709,222 shares during the same period.

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