H.C. Wainwright lifts Northern Dynasty Minerals Ltd. [NAK] price estimate. Who else is bullish?


Northern Dynasty Minerals Ltd. [AMEX: NAK] jumped around 0.01 points on Thursday, while shares priced at $0.34 at the close of the session, up 1.76%. The company report on December 1, 2021 that Northern Dynasty Comments on Environmental Protection Agency’s Statement on Future Actions Regarding Alaska’s Pebble Project.

Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (“Northern Dynasty” or the “Company”) comments on the November 17, 2021 press release by the U.S. Environmental Protection Agency (“EPA”) in which the EPA extended the deadline to either withdraw the 2014 Proposed Determination or to prepare a Recommended Determination regarding the Pebble Project in Southwest Alaska.

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“While it is not yet known what action, if any, the EPA will finally take, we are cautiously optimistic about their commitment to consider new information that has become available since the 2014 Proposed Determination and to make science-based decisions,” said Ron Thiessen, President and CEO of Northern Dynasty. “We do not know which new information they may use in their decision, but we believe that the strong administrative record of the overwhelmingly positive Final Environmental Impact Statement of 2020 that was prepared by the U.S. Army Corps of Engineers should be an important part of it.”.

Northern Dynasty Minerals Ltd. stock is now 2.94% up from its year-to-date (YTD) trading value. NAK Stock saw the intraday high of $0.34 and lowest of $0.32 per share. The company’s 52-week high price is 1.15, which means current price is +3.96% above from all time high which was touched on 01/05/22.

Compared to the average trading volume of 5.10M shares, NAK reached a trading volume of 2929000 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 0.02 The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 0.04.

How has NAK stock performed recently?

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 0.99. With this latest performance, NAK shares dropped by -10.43% in over the last four-week period, additionally sinking by -28.39% over the last 6 months – not to mention a drop of -12.28% 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 43.44, with the RSI for the last a single of trading hit 44.39, and the three-weeks RSI is set at 43.29 for Northern Dynasty Minerals Ltd. [NAK]. The present Moving Average for the last 50 days of trading for this stock 0.3824, while it was recorded at 0.3358 for the last single week of trading, and 0.4688 for the last 200 days.

Northern Dynasty Minerals Ltd. [NAK]: Deeper insight into the 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 5.50 and a Current Ratio set at 5.50.

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

There are presently around $24 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 0% of the company’s market cap and around 37.40% of the total institutional ownership; RUSSELL INVESTMENTS GROUP, LTD., holding 13,877,386 shares of the stock with an approximate value of $4.58 million in NAK stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $2.94 million in NAK stock with ownership of nearly -16.583% of the company’s market capitalization.

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 27 institutional holders increased their position in Northern Dynasty Minerals Ltd. [AMEX:NAK] by around 6,570,864 shares. Additionally, 21 investors decreased positions by around 2,624,743 shares, while 42 investors held positions by with 64,275,246 shares. The mentioned changes placed institutional holdings at 73,470,853 shares, according to the latest SEC report filing. NAK stock had 8 new institutional investments in for a total of 1,585,404 shares, while 8 institutional investors sold positions of 695,973 shares during the same period.