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Northern Dynasty Minerals Ltd. (AMEX: NAK): Performance Review And Growth Outlook

In the last trading session, 1.56 million Northern Dynasty Minerals Ltd. (AMEX:NAK) shares changed hands as the company’s beta touched 1.11. With the…

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This article was originally published by The Marketing Sentinal

In the last trading session, 1.56 million Northern Dynasty Minerals Ltd. (AMEX:NAK) shares changed hands as the company’s beta touched 1.11. With the company’s per share price at $0.25 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $128.69M. NAK’s last price was a discount, traded about -104.0% off its 52-week high of $0.51. The share price had its 52-week low at $0.20, which suggests the last value was 20.0% up since then. When we look at Northern Dynasty Minerals Ltd.’s average trading volume, we note the 10-day average is 1.39 million shares, with the 3-month average coming to 1.20 million.

Analysts gave the Northern Dynasty Minerals Ltd. (NAK) stock a consensus recommendation rating of a Buy. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NAK as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Northern Dynasty Minerals Ltd.’s EPS for the current quarter is expected to be $0.

Northern Dynasty Minerals Ltd. (AMEX:NAK) trade information

With action 15.06%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 12.77%, with the 5-day performance at 15.06% in the green. However, in the 30-day time frame, Northern Dynasty Minerals Ltd. (AMEX:NAK) is 4.40% up. Looking at the short shares, we see there were 12.85 million shares sold at short interest cover period of 9.18 days.

The consensus price target for the stock as assigned by Wall Street analysts is $0.80, meaning bulls need an upside of 68.75% from its current market value. According to analyst projections, NAK’s forecast low is $0.80 with $0.80 as the target high. To hit the forecast high, the stock’s price needs a -220.0% plunge from its current level, while the stock would need to soar -220.0% for it to hit the projected low.

Northern Dynasty Minerals Ltd. (NAK) estimates and forecasts

Data shows that the Northern Dynasty Minerals Ltd. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.23% over the past 6 months, a 20.00% in annual growth rate that is considerably higher than the industry average of -1.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.20%. The 2023 estimates are for Northern Dynasty Minerals Ltd. earnings to increase by 55.10%.

NAK Dividends

Northern Dynasty Minerals Ltd. is expected to release its next quarterly earnings report between March 29 and April 03.

Northern Dynasty Minerals Ltd. (AMEX:NAK)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.13% of Northern Dynasty Minerals Ltd. shares while 12.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.36%. There are 12.09% institutions holding the Northern Dynasty Minerals Ltd. stock share, with Kopernik Global Investors, LLC the top institutional holder. As of Jun 29, 2022, the company held 6.01% of the shares, roughly 31.86 million NAK shares worth $8.3 million.

Russell Investments Group, Ltd. holds the second largest percentage of outstanding shares, with 2.14% or 11.32 million shares worth $2.95 million as of Jun 29, 2022.

Among Mutual Funds, the top two as of Jul 30, 2022 were Advisors Inner Circle Fund II-Kopernik Global All Cap Fund and Global X Fds-Global X Copper Miners ETF. With 18.27 million shares estimated at $5.82 million under it, the former controlled 3.45% of total outstanding shares. On the other hand, Global X Fds-Global X Copper Miners ETF held about 2.02% of the shares, roughly 10.69 million shares worth around $2.61 million.

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