Is Northern Dynasty Minerals Ltd. (NAK) A Good Investment?

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Northern Dynasty Minerals Ltd. (AMEX:NAK) finished Wednesday with a subtraction of $0.0 to close at $0.21, a downside of -1.18 percent. An average of 1,514,660 shares of common stock have been traded in the last five days. There was a fall of -$0.0183 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,195,575 shares traded, while the 50-day average volume stands at 1,163,734.

NAK stock has decreased by -12.99% in the last month. The company shares reached their 1-month lowest point of $0.2050 on 12/28/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $0.21 and a high of $0.51 in 52 weeks. It has reached a new high 8 times so far this year and lost -35.93% or -$0.1172 in price. In spite of this, the price is down -59.02% from the 52-week high.


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Valuation Metrics

Northern Dynasty Minerals Ltd. (NAK) stock’s beta is 0.97. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.00.

Financial Health

The quick ratio of Northern Dynasty Minerals Ltd. for the recent quarter was 4.50, and the current ratio was 4.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $54000.0 compared to revenue of $24.91 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Northern Dynasty Minerals Ltd.’s return on assets was -14.30%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $53.0 million in the quarter, while revenues were grew 100.0%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Northern Dynasty Minerals Ltd. (NAK) price momentum. RSI 9-day as of the close on 28 December was 27.56%, suggesting the stock is oversold, with historical volatility in this time frame at 42.58%.

As of today, NAK’s price is $0.2189 -8.05% or -$0.0183 from its 5-day moving average. NAK is currently trading -13.17% lower than its 20-day SMA and -33.27% lower than its 100-day SMA. However, the stock’s current price level is -11.81% below the SMA50 and -46.13% below the SMA200.

The stochastic %K and %D were 13.08% and 19.02%, respectively, and the average true range (ATR) was 0.0128. With the 14-day stochastic at 9.30% and the average true range at 0.0128, the RSI (14) stands at 32.31%. The stock has reached -0.0069 on the 9-day MACD Oscillator while the 14-day reading was at -0.0119.

Analyst Ratings

H.C. Wainwright launched coverage on Northern Dynasty Minerals Ltd. (AMEX: NAK) in its analyst report released on October 19, 2017. The firm assigned the stock a Buy rating. The consensus rating for Northern Dynasty Minerals Ltd. (NAK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NAK, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is NAK’s price target for the next 12 months?

Analysts predict a range of price targets between $0.80 and $0.80, with a median target of $0.80. Taking a look at these predictions, the average price target given by analysts for Northern Dynasty Minerals Ltd. (NAK) stock is $0.80.

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