Northern Dynasty Minerals (TSE:NDM) Shares Up 12.6% – Still a Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price shot up 12.6% during mid-day trading on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.52. 444,586 shares traded hands during trading, a decline of 28% from the average session volume of 618,320 shares. The stock had previously closed at C$1.35.

Analysts Set New Price Targets

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 Performance

The business has a fifty day simple moving average of C$1.15 and a two-hundred day simple moving average of C$0.86. The company has a market cap of C$814.73 million, a PE ratio of -47.54 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93.

Insider Buying and Selling

In related news, insider Bruce Wayne Jenkins sold 25,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$1.65, for a total transaction of C$41,360.00. 1.86% of the stock is currently owned by company insiders.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd is a Canadian mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a significant deposit of copper, gold, molybdenum, and silver into a modern mining operation.