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

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price reached a new 52-week high during trading on Saturday . The company 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.

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 Trading Up 29.7 %

The stock has a market cap of C$711.53 million, a PE ratio of -41.52 and a beta of 0.75. The company’s fifty day moving average is C$0.98 and its 200-day moving average is C$0.74. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93.

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.