Northern Dynasty Minerals (NYSEAMERICAN:NAK) Earns “Buy” Rating from HC Wainwright

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They presently have a $1.30 target price on the mining company’s stock. HC Wainwright’s price objective would suggest a potential upside of 97.03% from the company’s previous close.

Several other analysts also recently issued reports on the company. StockNews.com assumed coverage on Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating on the stock. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN NAK opened at $0.66 on Tuesday. The stock has a market capitalization of $354.83 million, a P/E ratio of -16.50 and a beta of 0.51. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.78.

Institutional Investors Weigh In On Northern Dynasty Minerals

Institutional investors have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC lifted its position in Northern Dynasty Minerals by 29.5% during the 4th 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 in the last quarter. Smith Anglin Financial LLC grew its holdings in Northern Dynasty Minerals by 19.0% during the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock valued at $73,000 after purchasing an additional 20,000 shares in the last quarter. Stifel Financial Corp increased its stake in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after buying an additional 39,500 shares during the period. XTX Topco Ltd grew its stake in shares of Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after acquiring an additional 52,346 shares in the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of Northern Dynasty Minerals during the fourth quarter worth about $31,000. Hedge funds and other 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.