Northern Dynasty Minerals Ltd. (AMEX:NAK) does about 10.72M shares in volume on a normal day but saw 8261039 shares change hands in Friday trading. The company now has a market cap of 772.81M USD and an enterprise value of about $767.85M. Its current market price is $1.45, marking a decrease of -6.45% compared to the previous close of $1.55. The 52 week high reached by this stock is $2.49 whilst the lowest price level in 52 weeks is $0.35. The script in recent trading has seen the stock touch a high of $1.55 and a low of $1.45.
Northern Dynasty Minerals Ltd. (NAK) has a 20-day trading average at $1.5665 and the current price is -41.77% off the 52-week high compared with 314.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5934 and its 200-day simple moving average is $0.8362. If we look at the stock’s price movements over the week, volatility stands at 10.54%, which increases to 10.79% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 44.57 to suggest the stock is neutral.
The consensus objective for the share price is $2.50, suggesting that the stock has a potential upside of 42.0% over the period.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 19, 2017 when H.C. Wainwright initiated the stock to “Buy” and issued a price target of $2.50.
The current price level is -8.86%, -8.86%, and 74.27% away from its SMA20, SMA50, and SMA200 respectively, with the NAK price moving above the 50-day SMA on August 21. Northern Dynasty Minerals Ltd. (NAK) stock is down -3.97% over the week and -34.98% over the past month. Its price is 238.79% year-to-date and 119.36% over the past year.
Its 12-month price target is $3.36. To reach the target analysts have set, the stock logically needs to grow 42.0 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.68, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.72.
Outstanding shares total 506.59M with insiders holding 10.29% of the shares and institutional holders owning 12.66% of the company’s common stock. The company has a return on equity of -42.20%. The beta has a value of 2.47. Price to book ratio is 5.80.
According to a U.S. Securities and Exchange Commission filing, Kopernik Global All Cap Fund has reduced its position in Northern Dynasty Minerals Ltd. (NAK) to 11,877,518 shares, mirroring a recent drop by -10.30%. Kopernik Global All Cap Fund dumped -1.36 million shares of Northern Dynasty Minerals Ltd. common stock bringing its total worth to about $19.24 million at the end of recent close, SEC documents show. Kopernik Global All Cap Fund isn’t the only investment manager who changed stakes and is followed by Heptagon Fund Plc – Kopernik Glob, which sold off 0.0 shares to end up with 5,697,734 shares worth $9.23 million. Long Term Investment Fund (SIA) – cut their holdings by -0.24% in the company over the course of the most recent quarter. It now holds a 0.57% position in Northern Dynasty Minerals Ltd. thanks to 2.79 million shares amounting to $4.52 million.