In the last trading session, 1.66 million shares of the Northern Dynasty Minerals Ltd (AMEX:NAK) were traded, and its beta was 0.55. Most recently the company’s share price was $0.45, and it changed around -$0.01 or -0.83% from the last close, which brings the market valuation of the company to $341.27M. NAK currently trades at a discount to its 52-week high of $0.56, offering almost -24.44% off that amount. The share price’s 52-week low was $0.23, which indicates that the current value has risen by an impressive 48.89% since then. We note from Northern Dynasty Minerals Ltd’s average daily trading volume that its 10-day average is 4.73 million shares, with the 3-month average coming to 1.80 million.
Northern Dynasty Minerals Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended NAK as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Northern Dynasty Minerals Ltd is expected to report earnings per share of -0.01 for the current quarter.
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Northern Dynasty Minerals Ltd (AMEX:NAK) trade information
Instantly NAK has showed a red trend with a performance of -0.83% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.5150 on recent trading dayincreased the stock’s daily price by 12.62%. The company’s shares are currently up 39.84% year-to-date, but still down -6.30% over the last five days. On the other hand, Northern Dynasty Minerals Ltd (AMEX:NAK) is 14.46% up in the 30-day period. We can see from the shorts that 5.56 million shares have been sold at a short interest cover period of 2.89 day(s).
The consensus price target as assigned by Wall Street analysts is $1.3, which translates to bulls needing to increase their stock price by 65.38% from its current value. Analyst projections state that NAK is forecast to be at a low of $1.3 and a high of $1.3.
Northern Dynasty Minerals Ltd (NAK) estimates and forecasts
Northern Dynasty Minerals Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 48.77 percent over the past six months and at a 0.00% annual growth rate that is well below the industry average of 19.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -42.86% in revenue this quarter, and will report a decrease of -8.70% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.75%.
NAK Dividends
Northern Dynasty Minerals Ltd’s next quarterly earnings report is expected to be released in December.
Northern Dynasty Minerals Ltd (AMEX:NAK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.85% of Northern Dynasty Minerals Ltd shares, and 17.24% of them are in the hands of institutional investors. The stock currently has a share float of 17.56%. Northern Dynasty Minerals Ltd stock is held by 116.0 institutions, with KOPERNIK GLOBAL INVESTORS, LLC being the largest institutional investor. By 2024-06-30, it held 5.9588% of the shares, which is about 32.07 million shares worth $9.96 million.
HERR INVESTMENT GROUP LLC, with 1.9195% or 10.33 million shares worth $3.2 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
