Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued to investors on Monday, January 8th. They currently have a $2.50 target price on the mining company’s stock. HC Wainwright’s target price points to a potential upside of 191.04% from the company’s current price.
Several other equities analysts have also weighed in on NAK. BidaskClub lowered shares of Northern Dynasty Minerals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BMO Capital Markets raised shares of Northern Dynasty Minerals from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Northern Dynasty Minerals currently has an average rating of “Hold” and a consensus price target of $2.13.
Shares of Northern Dynasty Minerals (NYSEAMERICAN NAK) traded down $0.08 on Monday, hitting $0.86. 6,570,000 shares of the company’s stock traded hands, compared to its average volume of 3,950,000. The firm has a market capitalization of $263.73, a PE ratio of -5.37 and a beta of -0.09. Northern Dynasty Minerals has a one year low of $0.81 and a one year high of $3.41.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its quarterly earnings results on Tuesday, November 14th. The mining company reported ($0.05) EPS for the quarter.
Institutional investors and hedge funds have recently bought and sold shares of the business. Midas Management Corp acquired a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at $108,000. PEAK6 Investments L.P. acquired a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at $125,000. Smith Moore & CO. boosted its stake in shares of Northern Dynasty Minerals by 340.7% in the 3rd quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock valued at $132,000 after purchasing an additional 56,500 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at $157,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Northern Dynasty Minerals by 826.6% in 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 in the last quarter.
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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.
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