Northern Dynasty Minerals Ltd (NAK) stock expected to rise by 176.6%: What’s driving the optimism?

Northern Dynasty Minerals Ltd [NAK] stock prices are up 2.90% to $0.47 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NAK shares have gain 1.99% over the last week, with a monthly amount glided 12.71%, and seem to be holding up well over a long-time horizon.

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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.

The stock price of Northern Dynasty Minerals Ltd [NAK] has been fluctuating between $0.23 and $0.56 over the past year. Currently, Wall Street analysts expect the stock to reach $1.3 within the next 12 months. Northern Dynasty Minerals Ltd [AMEX: NAK] shares were valued at $0.47 at the most recent close of the market. An investor can expect a potential return of 176.6% based on the average NAK price forecast.

Analyzing the NAK fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.14 and Total Capital is -0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.

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 0.4561 points at the first support level, and at 0.4397 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4834, and for the 2nd resistance point, it is at 0.4943.

Ratios To Look Out For

It’s worth pointing out that Northern Dynasty Minerals Ltd [AMEX:NAK]’s Current Ratio is 1.04. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 1.02.

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