NAK - Northern Dynasty Minerals Ltd.

NYSE American - NYSE American Delayed Price. Currency in USD
0.6310
-0.0300 (-4.54%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close0.6610
Open0.6610
Bid0.6622 x 1300
Ask0.6878 x 3100
Day's Range0.6300 - 0.6764
52 Week Range0.4100 - 1.1200
Volume4,062,253
Avg. Volume2,676,318
Market Cap224.659M
Beta (3Y Monthly)2.15
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Northern Dynasty Minerals (NAK) Stock at $2.50 a Share? This Analyst Thinks It’s Possible
    TipRanks

    Northern Dynasty Minerals (NAK) Stock at $2.50 a Share? This Analyst Thinks It’s Possible

    On Tuesday, the Trump Administration announced that the U.S. Environmental Protection Agency would be scrapping Obama-era proposed restrictions on large-scale mining operations in Alaska’s Bristol Bay watershed. Politics aside, the announcement was certainly a victory for Canadian mining company Northern Dynasty Minerals (NAK) who owns the most significant underdeveloped copper, gold, molybdenum, and silver resource in the world.The company’s pebble mine is near Lake Iliamna in southwestern Alaska and is expected to produce 70 million tons of valuable minerals per year. With the possible withdrawal of the 2014 Proposed Determination to limit water pollution––which was ultimately an attempt to veto Northern Dynasty’s initiative to develop one of the world’s most important mineral resources called the Pebble Project­­–––NAK is hoping to tap a U.S. $100 billion gold deposit in the region. While the policy change does not guarantee that the U.S. government will issue a permit for NAK’s planned Pebble Mine, the decision does remove a specific restriction that stood in the way of the company’s project.In reaction, NAK’s stock skyrocketed nearly 65% in Tuesday's trading session, before giving back some of that rally today. However, H.C. Wainwright analyst Heiko Ihle believes there’s a lot more fuel in the tank to propel the stock even higher, as he reiterates a Buy rating on NAK with a $2.50 price target. (To watch Ihle’s track record, click here).Ihle commented, "The removal of the Proposed Determination eliminates any uncertainty regarding the 2014 regulatory action in relation to progressing the Pebble Project through the permitting process. Additionally, we note that this move means the EPA can now work with the Army Corps to review the permit. The collaboration between the EPA and Army Corps could lead to possible changes in the proposed permit that would make the project more agreeable to attain proper permitting. We note the Army Corps has maintained its expected timeline of a Final Economic Impact Statement to be reached in 1Q20 amid a Record of Decision (ROD) in 2Q20.""However, lifting of the restrictions does not guarantee the issuance of a permit by the U.S. Government. Nonetheless, this move should ease continued progress for Pebble, while simultaneously increasing investor interest given less opposition to the mine," the analyst added.Additionally, Northern Dynasty established financial flexibility in late June after closing a $5 million bought deal which included 12.2 million common shares of the company for $0.41 per share. Even though this price sits well bellow the current share price, Ihle is not concerned, noting that “the deal was announced before the recent newsflow and concurrent share price increase.” Further, the proceeds from the transaction will serve to fund engineering, environmental, permitting, and evaluation expenses as well as outreach and engagement with political and regulatory offices.It’s easy to identify the hottest stocks of today, and NAK is clearly hot right now. However, it’s much more difficult to look back through the fog and determine who’ll still be on top. We use TipRanks’ Analysts’ Top Stocks tool to identify the stocks which have received the most bullish recent ratings from the Street’s top analysts. These are the analysts that consistently outperform the market with the highest success rate and average return.

  • Reuters

    Alaska mine developer Northern Dynasty wins U.S. EPA reprieve, shares soar

    The Trump administration said on Tuesday it would lift an Obama-era restriction on the world's biggest undeveloped gold and copper resource owned by Northern Dynasty Minerals Ltd, sending the Canadian company's shares soaring. Under President Donald Trump, the EPA has dismantled scores of environmental rules and Trump rejects mainstream climate science.

  • Bloomberg

    Veto Lifted for Alaska Gold Mine Boasting $100 Billion Bounty

    (Bloomberg) -- The Environmental Protection Agency is scrapping proposed restrictions on mining operations in Alaska’s Bristol Bay, dealing a victory to Northern Dynasty Minerals Ltd., which is hoping to tap a $100 billion gold deposit in the region.The move does not guarantee the U.S. government will issue a permit for the company’s planned Pebble Mine. But the decision removes a major barrier to the project, which has been thwarted by Obama-era water pollution limitations proposed in 2014 but never finalized.Northern Dynasty was up 37% at 2:50 p.m. in New York on the news. More than 6 million shares had traded hands, nearly five times the three-month daily average.The Trump administration said it was withdrawing the 2014 proposal Tuesday because the restrictions led to an unfair veto of the mining project based on outdated assumptions about the mine’s design and its risks to the world’s most productive wild salmon fishery.“In the Trump administration, we’re not for preemptive vetoes of projects,” EPA General Counsel Matthew Leopold said. “We think everyone should have a chance to submit their project and have it evaluated based on the law -- not preemptively -- and that’s what this is about restoring.”The U.S. Army Corps of Engineers is expected to decide on whether to authorize the project next year. The EPA’s action Tuesday allows the agency to collaborate with the Corps during the permitting process.For decades, developers have been beckoned by the lode in southwestern Alaska, which boasts millions of tons of gold, copper, molybdenum and other minerals near the headwaters of two rivers flowing into Bristol Bay. But conservationists, local activists, fishermen and federal regulators have argued that industrial, open-pit mining operations to extract the bounty threatens the region’s flourishing sockeye salmon fishery.The EPA itself warned of the risks on July 1 and said it was concerned the Army Corps was underestimating “the extent and magnitude of the substantial proposed impacts to streams, wetlands and other aquatic resources.”The EPA now has nearly three months to decide whether it will enter into negotiations with the Army Corps over the project under an extension granted last week. That formal consultation process -- prescribed by a federal clean water law -- is meant to allow top officials from both agencies to work out disagreements over a potential mine permit.Although the high-level negotiations can lead to a rejection of the project, “the more usual case is that it leads to some amendment to the permit or some change in the proposed permit” -- not “an all-or-nothing veto,” Leopold said.Northern Dynasty and Pebble LP have argued that the new mine plan now under Army Corps review is significantly different from what the Obama administration envisioned in 2014, when it used special veto powers under the Clean Water Act to propose restricting the discharge of mining waste and other material in the watershed. The proposed limitations were never legally finalized.The EPA’s 2014 position was based on hypothetical scenarios and speculative information derived partly from Pebble filings with the Securities and Exchange Commission, Leopold said. Now that there is an actual permit application, “those mining hypotheticals from 2014 are out of date,” and the EPA has an obligation to consider the current information.Under Pebble’s current, smaller mine proposal, facilities storing mining waste would be lined, cyanide would not be used to extract gold from the site and the company does not plan facilities in Upper Talarik Creek, one of the waterways thought to be affected in 2014.Environmentalists say those steps don’t go far enough to protect hundreds of acres of lakes, wetlands and other marine areas in the region -- nor the salmon, Alaska natives and multimillion-dollar fishing economy that depend on them.The United Tribes of Bristol Bay, a consortium of 15 tribal governments, calls the mine “a toxic project” that would unleash “devastating consequences” on Bristol Bay.The EPA has taken an inconsistent approach to the project under President Donald Trump. While the EPA swiftly proposed discarding the Obama water limits, former EPA Administrator Scott Pruitt made a surprise decision to leave them in place eight months later. Current EPA Administrator Andrew Wheeler has recused himself from any involvement in the issue, because his former law firm Faegre Baker Daniels LLP provided services to Pebble.(Updates with share moves in third paragraph.)To contact the reporter on this story: Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Top 3 Silver Stocks as of September 2018
    Investopedia

    Top 3 Silver Stocks as of September 2018

    Many silver stocks looked beaten up in 2017, either near a bottom or struggling to overcome a resistance price. Silver companies are dependent to some extent on the yield on bank CDs or Treasury bonds.

  • Associated Press

    Northern Dynasty: 4Q Earnings Snapshot

    The Vancouver, British Columbia-based company said it had a loss of 3 cents per share. For the year, the company reported that its loss narrowed to $12.3 million, or 4 cents per share. In the final minutes ...

  • Will These 3 Turnaround Stocks Even Survive 2019?
    Motley Fool

    Will These 3 Turnaround Stocks Even Survive 2019?

    A specialty petroleum products supplier, a propane distributor, and development-stage gold and copper miner have struggled mightily recently.

  • Why Northern Dynasty Minerals Stock Dropped 11% This Morning
    Motley Fool

    Why Northern Dynasty Minerals Stock Dropped 11% This Morning

    There's a small silver lining in this gold miner's latest news.

  • Why Northern Dynasty Minerals Stock Rocked 18% Higher in February
    Motley Fool

    Why Northern Dynasty Minerals Stock Rocked 18% Higher in February

    After plummeting in 2018, Northern Dynasty stock is off to an incredible start in 2019...but don't think that the volatility here has ended.

  • Why Northern Dynasty Minerals Stock Popped 13% Wednesday
    Motley Fool

    Why Northern Dynasty Minerals Stock Popped 13% Wednesday

    Rarely is paperwork as popular as this.

  • Why Northern Dynasty Minerals Stock Rocketed 37% in January
    Motley Fool

    Why Northern Dynasty Minerals Stock Rocketed 37% in January

    Although there wasn't any big news in January, a gold price rally and continued market support were enough to excite speculators.

  • Here's Why Northern Dynasty Minerals Rose 55.5% in November
    Motley Fool

    Here's Why Northern Dynasty Minerals Rose 55.5% in November

    Multiple positive updates lifted the stock, but investors shouldn't get too far ahead of themselves.

  • Here's Why Northern Dynasty Minerals Rose as Much as 15.9% Today
    Motley Fool

    Here's Why Northern Dynasty Minerals Rose as Much as 15.9% Today

    The pre-commercial gold miner has announced a string of positive updates in November.

  • Newmont Mining (NEM) Catches Eye: Stock Jumps 7.1%
    Zacks

    Newmont Mining (NEM) Catches Eye: Stock Jumps 7.1%

    Newmont Mining (NEM) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

  • The Zacks Analyst Blog Highlights: Lululemon Athletica, Mountain Province Diamonds, Toronto-Dominion Bank and Northern Dynasty Minerals
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    The Zacks Analyst Blog Highlights: Lululemon Athletica, Mountain Province Diamonds, Toronto-Dominion Bank and Northern Dynasty Minerals

    The Zacks Analyst Blog Highlights: Lululemon Athletica, Mountain Province Diamonds, Toronto-Dominion Bank and Northern Dynasty Minerals

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    Canadian Economy Trumps Growth Expectations: 4 Great Picks

    Unexpected growth in Canada's GDP in July reflects the country's resilience to harsh winters and global economic downturns.

  • The Zacks Analyst Blog Highlights: Blue Hills, Berkshire Hathaway, Apple, Tecnoglass and Northern Dynasty
    Zacks

    The Zacks Analyst Blog Highlights: Blue Hills, Berkshire Hathaway, Apple, Tecnoglass and Northern Dynasty

    The Zacks Analyst Blog Highlights: Blue Hills, Berkshire Hathaway, Apple, Tecnoglass and Northern Dynasty

  • Barrick Gold (ABX) Surges: Stock Moves 5.4% Higher
    Zacks

    Barrick Gold (ABX) Surges: Stock Moves 5.4% Higher

    Barrick Gold (ABX) shares rose more than 5% in the last trading session, amid huge volumes.

  • Gold Likely to Rebound Aided By India Market: 4 Top Picks
    Zacks

    Gold Likely to Rebound Aided By India Market: 4 Top Picks

    Gold prices are likely to recover as India gears up for the wedding season and major festivals, when gold buying is considered auspicious.

  • The Zacks Analyst Blog Highlights: Lululemon, Canada Goose, Algonquin Power, Mountain Province and Northern Dynasty
    Zacks

    The Zacks Analyst Blog Highlights: Lululemon, Canada Goose, Algonquin Power, Mountain Province and Northern Dynasty

    The Zacks Analyst Blog Highlights: Lululemon, Canada Goose, Algonquin Power, Mountain Province and Northern Dynasty

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    NAFTA Talks Remain at Negotiating Table: 5 Top Picks

    Following negotiations between officials of the United States and Canada, and the Canadian economy's stable growth, Canada's stocks are expected to garner investor attention