Northern Dynasty Minerals Ltd. [NAK] gain 32.45% so far this year. What now?



Northern Dynasty Minerals Ltd. [AMEX: NAK] price plunged by -1.23 percent to reach at $0.0. The company report on October 13, 2021 that Northern Dynasty: Pebble Partnership Asks Court to Enforce Speedy Action by the EPA in its Response to Defendant’s Motion for Remand with Vacatur.

Arguments presented echo concerns raised by the State of Alaska regarding the EPA’s previous slow actions on making a decision.

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Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (“Northern Dynasty” or the “Company”) advises that its 100%-owned, U.S.-based Pebble Limited Partnership (“Pebble Partnership”) has filed a motion which requests the Court set a schedule requiring the U.S. Environmental Protection Agency (“EPA”) to make a prompt decision to either withdraw or finalize a decision on the 2014 Proposed Determination.

A sum of 5020046 shares traded at recent session while its average daily volume was at 8.49M shares. Northern Dynasty Minerals Ltd. shares reached a high of $0.44 and dropped to a low of $0.42 until finishing in the latest session at $0.43.

The average equity rating for NAK stock is currently 2.00, trading closer to a bullish pattern in the stock market.

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 0.04 The Price to Book ratio for the last quarter was 1.64, 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] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.80. With this latest performance, NAK shares dropped by -6.47% in over the last four-week period, additionally sinking by -24.89% over the last 6 months – not to mention a drop of -57.77% 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 45.15, with the RSI for the last a single of trading hit 42.01, and the three-weeks RSI is set at 46.66 for Northern Dynasty Minerals Ltd. [NAK]. The present Moving Average for the last 50 days of trading for this stock 0.4385, while it was recorded at 0.4398 for the last single week of trading, and 0.5440 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 6.20 and a Current Ratio set at 6.20.

Northern Dynasty Minerals Ltd. [NAK] Insider Position Details

There are presently around $30 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 27,695,248, which is approximately 3.412% of the company’s market cap and around 37.40% of the total institutional ownership; RUSSELL INVESTMENTS GROUP, LTD., holding 13,492,283 shares of the stock with an approximate value of $5.75 million in NAK stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $4.55 million in NAK stock with ownership of nearly 82.066% 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 November and at the time of the November reporting period, where 31 institutional holders increased their position in Northern Dynasty Minerals Ltd. [AMEX:NAK] by around 9,186,616 shares. Additionally, 22 investors decreased positions by around 1,931,702 shares, while 40 investors held positions by with 58,647,128 shares. The mentioned changes placed institutional holdings at 69,765,446 shares, according to the latest SEC report filing. NAK stock had 13 new institutional investments in for a total of 1,232,887 shares, while 9 institutional investors sold positions of 531,912 shares during the same period.



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