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

Northern Dynasty Minerals (NYSEAMERICAN:NAKGet Free Report) (TSE:NDM)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $1.30 price target on the mining company’s stock. HC Wainwright’s price objective suggests a potential upside of 97.03% from the company’s current price.

NAK has been the topic of a number of other research reports. StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They set a “sell” rating on the stock. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Check Out Our Latest Stock Report on Northern Dynasty Minerals

Northern Dynasty Minerals Stock Performance

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

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds have recently modified their holdings of the stock. RFG Advisory LLC purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter worth approximately $31,000. Stifel Financial Corp lifted its holdings in Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after acquiring an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth $33,000. XTX Topco Ltd increased its holdings in shares of Northern Dynasty Minerals by 104.4% in the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after purchasing an additional 52,346 shares in the last quarter. Finally, Smith Anglin Financial LLC grew its position in Northern Dynasty Minerals by 61.5% during the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after buying an additional 40,000 shares during the period. 10.55% of the stock is owned by institutional investors and hedge funds.

About Northern Dynasty Minerals

(Get Free Report)

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.

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