Northern Dynasty Minerals (NYSEAMERICAN:NAK) Rating Reiterated by HC Wainwright

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $0.80 price objective on the mining company’s stock. HC Wainwright’s price objective suggests a potential upside of 150.23% from the stock’s current price.

Northern Dynasty Minerals Stock Performance

Shares of NAK opened at $0.32 on Wednesday. Northern Dynasty Minerals has a 12-month low of $0.23 and a 12-month high of $0.43. The firm has a market cap of $171.91 million, a P/E ratio of -7.99 and a beta of 0.60.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its quarterly earnings data on Wednesday, May 15th. The mining company reported ($0.01) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of hedge funds have recently added to or reduced their stakes in NAK. Integrated Advisors Network LLC increased its holdings in shares of Northern Dynasty Minerals by 73.3% during the fourth quarter. Integrated Advisors Network LLC now owns 130,000 shares of the mining company’s stock valued at $42,000 after purchasing an additional 55,000 shares during the period. GAM Holding AG acquired a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at $103,000. Invenomic Capital Management LP acquired a new position in shares of Northern Dynasty Minerals during the fourth quarter valued at $947,000. Russell Investments Group Ltd. increased its holdings in shares of Northern Dynasty Minerals by 1.3% during the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after purchasing an additional 94,095 shares during the period. Finally, Herr Investment Group LLC acquired a new position in shares of Northern Dynasty Minerals during the first quarter valued at $2,986,000. 10.55% of the stock is currently owned by institutional investors.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.