Northern Dynasty Minerals (NAK) Earns Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report published on Tuesday. HC Wainwright currently has a $2.50 target price on the mining company’s stock.

A number of other equities analysts have also recently weighed in on the company. BMO Capital Markets raised Northern Dynasty Minerals from a market perform rating to an outperform rating in a research note on Tuesday. BidaskClub cut Northern Dynasty Minerals from a hold rating to a sell rating in a research note on Thursday, October 26th.

Northern Dynasty Minerals (NYSEAMERICAN NAK) opened at $1.83 on Tuesday. Northern Dynasty Minerals has a 12 month low of $1.06 and a 12 month high of $3.45.

A number of large investors have recently added to or reduced their stakes in the business. Central Asset Investments & Management Holdings HK Ltd purchased a new position in Northern Dynasty Minerals during the 3rd quarter valued at about $284,000. PEAK6 Investments L.P. purchased a new position in Northern Dynasty Minerals during the 3rd quarter valued at about $125,000. LMR Partners LLP purchased a new position in Northern Dynasty Minerals during the 3rd quarter valued at about $157,000. Russell Investments Group Ltd. grew its stake in Northern Dynasty Minerals by 4.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,345,111 shares of the mining company’s stock valued at $6,002,000 after acquiring an additional 133,056 shares in the last quarter. Finally, Smith Moore & CO. grew its stake in Northern Dynasty Minerals by 340.7% during the 3rd quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock valued at $132,000 after acquiring an additional 56,500 shares in 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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