Northern Dynasty Minerals (NYSEAMERICAN:NAK) Upgraded to Outperform by BMO Capital Markets

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, December 19th.

NAK has been the topic of several other research reports. HC Wainwright initiated coverage on shares of Northern Dynasty Minerals in a research note on Thursday, October 19th. They set a “buy” rating and a $2.50 price target on the stock. BidaskClub upgraded shares of Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research note on Friday, October 13th.

Shares of Northern Dynasty Minerals (NAK) traded down $0.02 during trading on Tuesday, hitting $1.66. 2,236,855 shares of the stock traded hands, compared to its average volume of 2,692,069. The stock has a market cap of $537.93, a PE ratio of -10.38 and a beta of 0.46. Northern Dynasty Minerals has a 1-year low of $1.06 and a 1-year high of $3.45.

Several hedge funds have recently made changes to their positions in NAK. Gabelli Funds LLC bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at $414,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at $284,000. Russell Investments Group Ltd. raised its position in shares of Northern Dynasty Minerals by 4.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,345,111 shares of the mining company’s stock valued at $6,002,000 after purchasing an additional 133,056 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Northern Dynasty Minerals by 826.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 130,032 shares of the mining company’s stock valued at $181,000 after purchasing an additional 115,999 shares during the period. Finally, LMR Partners LLP bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at $157,000.

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Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.

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