HC Wainwright Reaffirms “Buy” Rating for Northern Dynasty Minerals (NAK)

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a report issued on Monday, January 8th. They currently have a $2.50 price objective on the mining company’s stock. HC Wainwright’s price objective indicates a potential upside of 47.93% from the company’s current price.

Several other research firms have also commented on NAK. BidaskClub upgraded shares of Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. BMO Capital Markets upgraded shares of Northern Dynasty Minerals from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 19th.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) opened at $1.69 on Monday. Northern Dynasty Minerals has a 12-month low of $1.06 and a 12-month high of $3.45. The company has a market cap of $513.70, a price-to-earnings ratio of -10.56 and a beta of 0.46.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its quarterly earnings data on Tuesday, November 14th. The mining company reported ($0.05) EPS for the quarter.

Institutional investors have recently added to or reduced their stakes in the company. Midas Management Corp bought a new stake in shares of Northern Dynasty Minerals in the 3rd quarter worth about $108,000. PEAK6 Investments L.P. bought a new stake in shares of Northern Dynasty Minerals in the 3rd quarter worth about $125,000. Smith Moore & CO. lifted its holdings 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 worth $132,000 after acquiring an additional 56,500 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Northern Dynasty Minerals in the 3rd quarter worth about $157,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings 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 worth $181,000 after acquiring an additional 115,999 shares during 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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