Northern Dynasty Minerals (TSE:NDM) Stock Price Up 5.8% – Should You Buy?

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) were up 5.8% during trading on Wednesday . The stock traded as high as C$0.93 and last traded at C$0.91. Approximately 282,898 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 322,211 shares. The stock had previously closed at C$0.86.

Analysts Set New Price Targets

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

Northern Dynasty Minerals Price Performance

The company’s 50 day moving average is C$0.95 and its 200 day moving average is C$0.70. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of C$570.31 million, a price-to-earnings ratio of -33.28 and a beta of 0.75.

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.