Northern Dynasty Minerals Ltd (AMEX:NAK) Jumps 23.11%, But Additional Rally May Be Imminent

In last trading session, Northern Dynasty Minerals Ltd (AMEX:NAK) saw 21.64 million shares changing hands with its beta currently measuring 0.53. Company’s recent per share price level of $0.52 trading at $0.1 or 23.11% at ring of the bell on the day assigns it a market valuation of $383.94M. That closing price of NAK’s stock is at a premium of 11.54% from its 52-week high price of $0.46 and is indicating a premium of 55.77% from its 52-week low price of $0.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.85 million shares which gives us an average trading volume of 1.25 million if we extend that period to 3-months.

Northern Dynasty Minerals Ltd (AMEX:NAK) trade information

Upright in the green during last session for gaining 23.11%, in the last five days NAK remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $0.52 price level, adding 7.14% to its value on the day. Northern Dynasty Minerals Ltd’s shares saw a change of 60.84% in year-to-date performance and have moved 23.96% in past 5-day. Northern Dynasty Minerals Ltd (AMEX:NAK) showed a performance of 59.95% in past 30-days. Number of shares sold short was 6.24 million shares which calculate 6.1 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of 1.3 to the stock, which implies a rise of 60.0% to its current value. Analysts have been projecting 1.3 as a low price target for the stock while placing it at a high target of 1.3. It follows that stock’s current price would drop -150.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -150.0% for stock’s current value.

Northern Dynasty Minerals Ltd (NAK) estimates and forecasts

Statistics highlight that Northern Dynasty Minerals Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company added 85.52% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 20.30.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.75% during past 5 years.

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

Insiders are in possession of 1.86% of company’s total shares while institution are holding 16.21 percent of that, with stock having share float percentage of 16.51%. Investors also watch the number of corporate investors in a company very closely, which is 16.21% institutions for Northern Dynasty Minerals Ltd that are currently holding shares of the company. KOPERNIK GLOBAL INVESTORS, LLC is the top institutional holder at NAK for having 32.07 million shares of worth $9.96 million. And as of 2024-06-30, it was holding 5.9588 of the company’s outstanding shares.

The second largest institutional holder is HERR INVESTMENT GROUP LLC, which was holding about 10.33 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.9195 of outstanding shares, having a total worth of $3.2 million.