In the last trading session, 2.3 million Northern Dynasty Minerals Ltd. (AMEX:NAK) shares changed hands as the company’s beta touched 0.74. With the company’s per share price at $0.32 changed hands at $0.03 or 9.52% during last session, the market valuation stood at $163.91M. NAK’s last price was a discount, traded about -34.37% off its 52-week high of $0.43. The share price had its 52-week low at $0.21, which suggests the last value was 34.38% up since then. When we look at Northern Dynasty Minerals Ltd.’s average trading volume, we note the 10-day average is 2.35 million shares, with the 3-month average coming to 2.09 million.
Northern Dynasty Minerals Ltd. (AMEX:NAK) trade information
Instantly NAK was in green as seen at the end of in last trading. With action -2.34%, the performance over the past five days has been red. The jump to weekly highs of 0.3397 added 9.52% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.40%, with the 5-day performance at -2.34% in the red. However, in the 30-day time frame, Northern Dynasty Minerals Ltd. (AMEX:NAK) is 34.11% up. Looking at the short shares, we see there were 6.85 million shares sold at short interest cover period of 4.73 days.
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 -6.15% over the past 6 months, a 25.00% in annual growth rate that is considerably higher than the industry average of -0.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.89%. The 2024 estimates are for Northern Dynasty Minerals Ltd. earnings to increase by 20.02%.
NAK Dividends
Northern Dynasty Minerals Ltd. is expected to release its next quarterly earnings report between March 29 and April 02.
Northern Dynasty Minerals Ltd. (AMEX:NAK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.99% of Northern Dynasty Minerals Ltd. shares while 9.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 9.64%. There are 9.45% institutions holding the Northern Dynasty Minerals Ltd. stock share, with Kopernik Global Investors, Llc the top institutional holder. As of Jun 29, 2023, the company held 6.05% of the shares, roughly 32.07 million NAK shares worth $7.7 million.
Russell Investments Group, Ltd. holds the second largest percentage of outstanding shares, with 1.47% or 7.77 million shares worth $1.86 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Advisors Inner Circle Fund II-Kopernik Global All Cap Fund and TIFF Multi-Asset Fund. With 18.27 million shares estimated at $5.3 million under it, the former controlled 3.45% of total outstanding shares. On the other hand, TIFF Multi-Asset Fund held about 0.21% of the shares, roughly 1.09 million shares worth around $0.26 million.
