The trading price of Northern Dynasty Minerals Ltd (AMEX:NAK) closed higher on Monday, June 16, and closing at $1.29, 5.74% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.36 and a 52-week low of $0.27. Over the past month, the stock has gained 39.32% in value.
Northern Dynasty Minerals Ltd, whose market valuation is $694.96 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest NAK has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that NAK’s price is currently 12.76% off the SMA20 and 20.54% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.69, and weekly volatility stands at 4.39%. When measured over the past 30 days, the indicator reaches 4.30%. Northern Dynasty Minerals Ltd (AMEX:NAK)’s beta value is currently sitting at -0.77, while the Average True Range indicator is currently displaying 0.09. With analysts defining $1.3-$1.3 as the low and high price targets, we arrive at a consensus price target of $1.3 for the trailing 12-month period. The current price is about -0.78% off the estimated low and -0.78% off the forecast high, based on this estimate. Investors will be thrilled if NAK’s share price rises to $1.3, which is the median consensus price. At that level, NAK’s share price would be -0.78% below current price.
To see how Northern Dynasty Minerals Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: NAK stock’s performance was 5.74% in the latest trading, and 355.03% in the past year.
An evaluation of the daily trading volume of Northern Dynasty Minerals Ltd (AMEX:NAK) indicates that the 3-month average is 7.84 million.
Currently, records show that 538.58 million of the company’s shares remain outstanding. The insiders hold 1.99% of outstanding shares, whereas institutions hold 10.14%. However, since the stock’s price has seen 121.84% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
