The S&P/TSX Composite Index is trading above 50-period SMA, One TSX-listed stock to consider at the current levels- NDM
Feb 10, 2026
NDM:TSX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
Company Overview: Northern Dynasty Minerals Ltd. (TSX: NDM) is a Vancouver-based mineral exploration and development company focused on large-scale copper and gold assets. Its primary asset is the Pebble Project in Southwest Alaska, held through its wholly owned U.S. subsidiary, Pebble Limited Partnership, comprising 1,840 contiguous mineral claims located approximately 200 miles from Anchorage and 125 miles from Bristol Bay. This Report covers Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendation on this one stock.
Canada Market Round-Up
The S&P/TSX Composite Index finished last week on a strong footing, advancing 1.72% to 32,470.98 and extending its positive momentum into February 6, 2026, supported by a 547.46-point (1.71%) weekly gain amid broad-based market participation. Strength was led by the basic materials, technology, healthcare, industrials, energy, real estate, and financials sectors, reflecting improving risk appetite across cyclicals and defensives alike. However, softness in consumer cyclicals, consumer non-cyclicals, and utilities limited the overall pace of the advance. From a technical standpoint, the index continues to display a firm bullish structure. Price remains comfortably above its rising trendline support and the 50-period Simple Moving Average (SMA), reinforcing the prevailing uptrend and signalling ongoing buying interest on pullbacks. Immediate resistance is positioned near 33,600, where a decisive breakout could fuel further upside momentum. On the downside, key support sits around 32,400; a sustained break below this level may trigger a short-term corrective pullback. The weekly RSI at 70.61 reflects strong momentum, although overbought conditions point to the potential for near-term consolidation or profit-taking before the next leg higher.
On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Building Permits m/m, US Non-Farm Employment Change and US Unemployment Claims.
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