TD Securities Lowers Northern Dynasty Minerals (TSE:NDM) to Hold

TD Securities cut shares of Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) from a speculative buy rating to a hold rating in a research note released on Monday, January 29th. TD Securities currently has C$2.50 target price on the mining company’s stock, down from their previous target price of C$4.00.

A number of other analysts have also recently weighed in on NDM. BMO Capital Markets raised Northern Dynasty Minerals from a market perform rating to an outperform rating and increased their price objective for the stock from C$2.50 to C$3.50 in a research report on Tuesday, December 19th. HC Wainwright reaffirmed a buy rating on shares of Northern Dynasty Minerals in a research report on Thursday, October 19th.

Northern Dynasty Minerals (TSE:NDM) opened at C$1.36 on Monday. The stock has a market capitalization of $414.35, a P/E ratio of -6.80 and a beta of -0.32. Northern Dynasty Minerals has a 12 month low of C$1.00 and a 12 month high of C$3.95.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last posted its quarterly earnings data on Tuesday, November 14th. The mining company reported C($0.06) earnings per share for the 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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