Is Northern Dynasty Minerals Ltd. (NAK) Stock a Good Buy for Short-term Investors?

At the time of writing, Northern Dynasty Minerals Ltd. [NAK] stock is trading at $0.32, up 2.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The NAK shares have gain 8.16% over the last week, with a monthly amount glided 36.77%, and seem to be holding up well over a long-time horizon.

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On 15, March 2024, Northern Dynasty Files Two Separate Actions: Seeking to Vacate EPA’s Illegal Veto and a Takings Case. In a post published today on Yahoo Finance, Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (“Northern Dynasty” or the “Company”) and 100%-owned U.S.-based subsidiary Pebble Limited Partnership (“Pebble Partnership” or “PLP”) is filing two separate actions in the federal courts challenging the federal government’s actions to prevent the companies from building a mine at the Pebble Project.

From an analyst’s perspective:

Northern Dynasty Minerals Ltd. [AMEX: NAK] stock has seen the most recent analyst activity on October 19, 2017, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $2.50. Previously, Gabelli & Co started tracking the stock with Buy rating on December 21, 2016, and set its price target to $3. On April 07, 2009, downgrade downgraded it’s rating to Sell. Canaccord Adams started tracking the stock assigning a Buy rating. BMO Capital Markets upgraded its rating to a Outperform.

For the past year, the stock price of Northern Dynasty Minerals Ltd. fluctuated between $0.21 and $0.43. Northern Dynasty Minerals Ltd. [AMEX: NAK] shares were valued at $0.32 at the most recent close of the market.

Analyzing the NAK fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.18 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.3106 points at the first support level, and at 0.3032 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.3220, and for the 2nd resistance point, it is at 0.3260.

Ratios To Look Out For

It is important to note that Northern Dynasty Minerals Ltd. [AMEX:NAK] has a current ratio of 0.74. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.21.

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