Is ITRG or NAK more undervalued in 2026?

CirclFi compares Integra Resources Corp. (ITRG) and Northern Dynasty Minerals, Ltd. (NAK) using 13 institutional-grade valuation models. ITRG has a Quality of Company score of 1.5/10 while NAK scores 3.9/10.

Which is a better buy — ITRG or NAK?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do ITRG and NAK valuations compare?

ITRG at $2.74 and NAK at $2.35 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ITRG vs NAK Valuation Comparison 2026 — Intrinsic Value Analysis

ITRG

Gold and Silver Ores

Integra Resources Corp.

Quality

1.5

out of 10

Value Trap

SAFE

Price

$2.74

Last close

Models

12/13

Active

NAK

Gold and Silver Ores

Northern Dynasty Minerals, Ltd.

Quality

3.9

out of 10

Value Trap

LOW

Price

$2.35

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	ITRG Fair Value	ITRG Upside	NAK Fair Value	NAK Upside
Bayesian DCF	Intrinsic	$0.65	-76.3%	$0.57	-75.6%
Earnings Power Value	Intrinsic	$2.01	-29.7%	$0.28	-85.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ITRG vs NAK — Which Stock Is More Undervalued?

NAK scores higher with a 3.9/10 quality rating vs ITRG's 1.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Integra Resources Corp. (ITRG) and Northern Dynasty Minerals, Ltd. (NAK) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

ITRG currently trades at $2.74 with a QOC of 1.5/10, while NAK trades at $2.35 with a QOC of 3.9/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).