Northern Dynasty Minerals (TSE:NDM) Hits New 12-Month High – Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares reached a new 52-week high on Friday . The company traded as high as C$1.09 and last traded at C$1.07, with a volume of 68964 shares traded. The stock had previously closed at C$1.05.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Up 4.8 %

The business’s 50 day moving average price is C$0.77 and its 200-day moving average price is C$0.60. The firm has a market capitalization of C$591.49 million, a PE ratio of -36.67 and a beta of 0.75. The company has a debt-to-equity ratio of 2.65, a quick ratio of 3.93 and a current ratio of 0.61.

Insider Activity

In related news, Director Robert Allan Dickinson sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$0.59, for a total transaction of C$59,010.00. Insiders own 1.86% of the company’s stock.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.