Worth Watching Stock: Northern Dynasty Minerals Ltd. (NYSEMKT:NAK)

Andrew Cummings
February 17, 2017

Brokerage firms now have a positive stance on shares of Northern Dynasty Minerals Ltd. (:NAK).

The total volume of 7.09 Million shares held in the session was surprisingly higher than its average volume of 8892.96 shares. The average volume stands around 6.99 million shares.

On this news, shares of Northern Dynasty fell from $3.18 per share to close at $2.50 per share on February 14, 2017 (a decline of $0.68). The stock has relative volume of 2.72. To assess the movement of stock we should look over what analysts have to say about the stock current performance.

Historically, if we look at price target revisions, two weeks ago Northern Dynasty Minerals Ltd (NYSEMKT:NAK)'s price target was revised on 12/21/16 by the analysts, however the bullish price estimates of the stock set at $3 while the bearish estimates kept at $3 over the next one year.

Northern Dynasty Minerals Ltd (NYSEMKT:NAK) performance over the past one year soared 510.81% whereas its year to date (YTD) performance indicated a bullish trend of 9.18%.

Analysts' mean recommendation for Northern Dynasty Minerals Ltd.'s (NAK) stands at 2.00. For stocks' current month, 1 analyst opted for BUY ratings as compared to 5 opting for SELL in the same period. The stock has a Return on Assets of -22.6 percent, Return on Investment of 0 percent and a Return on Equity of -23.1 percent. During the last six months the stock climbed 135.42%.

With a market cap of $0, Northern Dynasty Minerals Ltd. has 52 week low of $0.37 and a 52 week high of $4.54.

Most recently Northern Dynasty Minerals Ltd (NYSEMKT:NAK)'s price target was revised on 12/21/16 and according to 1 analyst stock's price will reach at $5.94 during 52 weeks with standard deviation of 0.00. It reveals information about how volatile a stock is. It indicates oversold and overbought price levels for a stock. It is, therefore, best used with refinements to its application or in conjunction with other, confirming technical indicators. Beta factor, which measures the riskiness of the security, was observed as 1.74.

But it plunged as much as 40 per cent Tuesday after Kerrisdale Capital Management said the $1.5 billion "low-grade" project is uneconomic and would require an investment so large "that it would actually destroy value".

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