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

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) hit a new 52-week high on Saturday . The stock traded as high as C$1.32 and last traded at C$1.31, with a volume of 3253619 shares. The stock had previously closed at C$1.01.

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Stock Performance

The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The company has a market cap of C$711.53 million, a PE ratio of -41.52 and a beta of 0.75. The firm’s 50-day simple moving average is C$0.98 and its two-hundred day simple moving average is C$0.74.

About Northern Dynasty Minerals

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.