Northern Dynasty Minerals Triples in 2020, but Is It a Golden Opportunity for Investors?
For those familiar with gold investments, Northern Dynasty Minerals (NYSEMKT: NAK) is possibly a familiar name. While the company doesn't own any mineral-producing assets, it does maintain 100% ownership of the Pebble deposit, which it characterizes as the "world's largest undeveloped copper and gold resource."
The stock's popularity among bulls has grown considerably in 2020. Shares of Northern Dynasty Minerals have skyrocketed more than 236% year to date, while the S&P 500 has plummeted more than 6%. Has some catalyst inspired investors that a golden future is within reach, or are shareholders' dreams anchored to fool's gold? Let's take a look at what's behind the stock's recent rise, and whether now is a good time for investors prospecting for gold stocks to pick up shares.
Image source: Getty Images.
Source Fool.com
