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Northern Dynasty Minerals (NAK) Worth Watching: Stock Surges 19.9%

Zacks Equity Research

Northern Dynasty Minerals Ltd. (NAK) was a big mover last session, as the company saw its shares rise almost 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Dec 12 as the stock is now up over a significant 58%.

This industrial minerals development company has seen one positive estimate revision in the last 60 days and its Zacks Consensus Estimate also moved higher over the same period. This implies more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if Friday’s sharp climb can turn into more strength down the road.

Northern Dynasty Minerals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked stocks in the gold mining industry include Golden Star Resources, Ltd. (GSS), Lake Shore Gold Corp. (LSG) and Pretium Resources Inc. (PVG). While Golden Star Resources sports a Zacks Rank #1 (Strong Buy), Lake Shore Gold and Pretium Resources carry a Zacks Rank #2 (Buy).

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