Northern Dynasty Minerals (NAK) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) from a hold rating to a buy rating in a report issued on Thursday, January 11th. Zacks Investment Research currently has $2.00 price target on the mining company’s stock.

According to Zacks, “Northern Dynasty owns the rights to purchase 100% of the Pebble gold-copper-molybdenum porphyry deposit, where successful drilling programs have delineated an Inferred Mineral Resource. Northern Dynasty is the largest gold deposit and one of the largest copper deposits in North America. “

A number of other equities research analysts have also recently issued reports on the stock. HC Wainwright reissued a buy rating and issued a $2.50 price target on shares of Northern Dynasty Minerals in a research note on Monday, January 8th. BidaskClub raised shares of Northern Dynasty Minerals from a sell rating to a hold rating in a research note on Thursday, September 21st. Finally, BMO Capital Markets raised shares of Northern Dynasty Minerals from a market perform rating to an outperform rating in a research note on Tuesday, December 19th.

Northern Dynasty Minerals (NAK) traded down $0.01 on Thursday, reaching $1.71. 1,370,000 shares of the company’s stock were exchanged, compared to its average volume of 3,500,000. The stock has a market cap of $524.58, a price-to-earnings ratio of -10.69 and a beta of 0.46. Northern Dynasty Minerals has a 12 month low of $1.06 and a 12 month high of $3.45.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its earnings results on Tuesday, November 14th. The mining company reported ($0.05) earnings per share for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the business. Midas Management Corp acquired a new stake in Northern Dynasty Minerals during the 3rd quarter worth $108,000. PEAK6 Investments L.P. acquired a new stake in Northern Dynasty Minerals during the 3rd quarter worth $125,000. Smith Moore & CO. boosted its stake in Northern Dynasty Minerals by 340.7% during the 3rd quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock worth $132,000 after purchasing an additional 56,500 shares during the last quarter. LMR Partners LLP acquired a new stake in Northern Dynasty Minerals during the 3rd quarter worth $157,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in 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 worth $181,000 after purchasing an additional 115,999 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This report was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/01/20/northern-dynasty-minerals-nak-stock-rating-upgraded-by-zacks-investment-research.html.

About Northern Dynasty Minerals

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.

Get a free copy of the Zacks research report on Northern Dynasty Minerals (NAK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Northern Dynasty Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Dynasty Minerals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply