Northern Dynasty Minerals Ltd (AMEX: NAK) Forecast To Gain 60.77% And Reach Consensus Price Target

Northern Dynasty Minerals Ltd (AMEX:NAK) has a beta value of 0.57 and has seen 1.16 million shares traded in the last trading session. The company, currently valued at $272.95M, closed the last trade at $0.51 per share which meant it lost -$0.01 on the day or -2.61% during that session. The NAK stock price is -13.73% off its 52-week high price of $0.58 and 54.9% above the 52-week low of $0.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.52 million shares traded. The 3-month trading volume is 2.26 million shares.

Northern Dynasty Minerals Ltd (AMEX:NAK) trade information

Sporting -2.61% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NAK stock price touched $0.51 or saw a rise of 12.07%. Year-to-date, Northern Dynasty Minerals Ltd shares have moved 57.01%, while the 5-day performance has seen it change 3.38%. Over the past 30 days, the shares of Northern Dynasty Minerals Ltd (AMEX:NAK) have changed 12.28%. Short interest in the company has seen 5.56 million shares shorted with days to cover at 2.89.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Wall Street analysts have a consensus price target for the stock at $1.3, which means that the shares’ value could jump 60.77% from current levels. The projected low price target is $1.3 while the price target rests at a high of $1.3. In that case, then, we find that the current price level is -154.9% off the targeted high while a plunge would see the stock gain -154.9% from current levels.

Northern Dynasty Minerals Ltd (NAK) estimates and forecasts

Figures show that Northern Dynasty Minerals Ltd shares have underperformed across the wider relevant industry. The company’s shares have gained 85.53% over the past 6 months, with this year growth rate of 0.00%, compared to 19.10% for the industry. Revenue growth from the last financial year stood is estimated to be 0.00%.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.75% over the past 5 years.

NAK Dividends

Northern Dynasty Minerals Ltd is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 1.85% of the company shares, while shares held by institutions stand at 17.24% with a share float percentage of 17.56%. Investors are also buoyed by the number of investors in a company, with Northern Dynasty Minerals Ltd having a total of 116.0 institutions that hold shares in the company. The top two institutional holders are KOPERNIK GLOBAL INVESTORS, LLC with over 32.07 million shares worth more than $9.96 million. As of 2024-06-30, KOPERNIK GLOBAL INVESTORS, LLC held 5.9588% of shares outstanding.

The other major institutional holder is HERR INVESTMENT GROUP LLC, with the holding of over 10.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.2 million and represent 1.9195% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Advisors Inner Circle Fund II-Kopernik Global All Cap Fund and Northern Lights Fd Tr II-Invenomic Fd . As of Jul 31, 2024 , the former fund manager holds about 3.40% shares in the company for having 18.27 shares of worth $9.28 million while later fund manager owns 2.52 shares of worth $1.28 million as of Jul 31, 2024 , which makes it owner of about 0.47% of company’s outstanding stock.