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.
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.
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.
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.