HC Wainwright Reiterates Buy Rating for Northern Dynasty Minerals (NAK)

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

A number of other research analysts have also weighed in on NAK. BidaskClub raised shares of Northern Dynasty Minerals from a sell rating to a hold rating in a research report on Friday, October 13th. BMO Capital Markets raised shares of Northern Dynasty Minerals from a market perform rating to an outperform rating in a research report on Tuesday, December 19th.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) traded down $0.02 during trading on Monday, hitting $1.66. 2,237,100 shares of the company’s stock were exchanged, compared to its average volume of 2,692,100. Northern Dynasty Minerals has a 12-month low of $1.06 and a 12-month high of $3.45. The company has a market capitalization of $537.93, a price-to-earnings ratio of -10.38 and a beta of 0.46.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gabelli Funds LLC purchased a new stake in Northern Dynasty Minerals during the third quarter worth about $414,000. Russell Investments Group Ltd. increased its holdings in Northern Dynasty Minerals by 4.1% during the third quarter. Russell Investments Group Ltd. now owns 3,345,111 shares of the mining company’s stock worth $6,002,000 after buying an additional 133,056 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Northern Dynasty Minerals by 826.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 130,032 shares of the mining company’s stock worth $181,000 after buying an additional 115,999 shares during the last quarter. Midas Management Corp purchased a new stake in Northern Dynasty Minerals during the third quarter worth about $108,000. Finally, LMR Partners LLP purchased a new stake in Northern Dynasty Minerals during the third quarter worth about $157,000.

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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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