Northern Dynasty Minerals’ (NAK) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research note issued to investors on Tuesday morning,Benzinga reports. HC Wainwright currently has a $1.30 target price on the mining company’s stock.

Several other equities research analysts have also recently weighed in on NAK. Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. StockNews.com started coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a “sell” rating for the company.

Northern Dynasty Minerals Stock Up 3.5 %

Northern Dynasty Minerals stock opened at $0.74 on Tuesday. The stock has a market capitalization of $395.28 million, a price-to-earnings ratio of -18.38 and a beta of 0.51. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.78.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Game Plan Financial Advisors LLC lifted its holdings in Northern Dynasty Minerals by 29.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock worth $45,000 after acquiring an additional 18,000 shares during the period. Smith Anglin Financial LLC lifted its holdings in Northern Dynasty Minerals by 19.0% during the fourth quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock worth $73,000 after acquiring an additional 20,000 shares during the period. Stifel Financial Corp lifted its holdings in Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after acquiring an additional 39,500 shares during the period. XTX Topco Ltd lifted its holdings in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after acquiring an additional 52,346 shares during the period. Finally, RFG Advisory LLC bought a new stake in Northern Dynasty Minerals during the fourth quarter worth $31,000. Institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

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.