Taking on analysts’ expectations and winning: Northern Dynasty Minerals Ltd. (NAK)

Northern Dynasty Minerals Ltd. (AMEX: NAK) stock fell -0.92% on Tuesday to $0.25 against a previous-day closing price of $0.25. With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.28 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $0.2500 whereas the lowest price it dropped to was $0.2400. The 52-week range on NAK shows that it touched its highest point at $0.51 and its lowest point at $0.23 during that stretch. Beta for the stock currently stands at 1.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NAK was down-trending over the past week, with a drop of -6.14%, but this was up by 6.45% over a month. Three-month performance dropped to -18.85% while six-month performance fell -17.77%. The stock lost -36.54% in the past year, while it has lost -24.13% so far this year. A look at the trailing 12-month EPS for NAK yields -0.03 with Next year EPS estimates of -0.03.

Float and Shares Shorts:

At present, 529.78 million NAK shares are outstanding with a float of 518.48 million shares on hand for trading. On Oct 13, 2022, short shares totaled 12.85 million, which was 2.42% higher than short shares on Sep 14, 2022. In addition to Mr. Ronald William Thiessen C.P.A., CA, CPA, F.C.A., FCA, FCPA as the firm’s Pres, CEO & Director, Mr. Mark C. Peters C.A., CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 12.09% of NAK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.98% of NAK, in contrast to 3.67% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NAK with 6.01% of the stake, Kopernik Global Investors LLC holds 31,856,624 shares worth 31,856,624. A second-largest stockholder of NAK, Russell Investment Management LLC, holds 11,053,666 shares, controlling over 2.09% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in NAK, holding 10,707,647 shares or 2.02% stake. With a 3.45% stake in NAK, the Kopernik Global All Cap Fund is the largest stakeholder. A total of 18,274,610 shares are owned by the mutual fund manager. The Global X Copper Miners ETF, which owns about 2.12% of NAK stock, is the second-largest Mutual Fund holder. It holds 11,243,414 shares valued at 2.84 million. Heptagon Fund Plc – Kopernik Glob holds 1.93% of the stake in NAK, owning 10,233,511 shares worth 2.59 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NAK since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NAK analysts setting a high price target of $0.80 and a low target of $0.80, the average target price over the next 12 months is $0.80. Based on these targets, NAK could surge 220.0% to reach the target high and rise by 220.0% to reach the target low. Reaching the average price target will result in a growth of 220.0% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NAK will report FY 2022 earnings on 03/30/2023. Analysts have provided yearly estimates in a range of -$0.03 being high and -$0.04 being low. For NAK, this leads to a yearly average estimate of -$0.03. The surprise factor in the prior quarter was -$0.01.

Summary of Insider Activity:

Insiders traded NAK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 37,600 while 80,000 shares were sold.

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