Northern Dynasty Minerals (TSE:NDM) Reaches New 52-Week High – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Stock Performance

The firm’s 50 day simple moving average is C$0.98 and its 200-day simple moving average is C$0.74. The company has a market capitalization of C$711.53 million, a price-to-earnings ratio of -41.52 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

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.