Northern Dynasty Minerals (NYSEAMERICAN:NAK) Price Target Raised to $2.50

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) had its price objective increased by investment analysts at HC Wainwright from $1.30 to $2.50 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the mining company’s stock. HC Wainwright’s price objective points to a potential upside of 38.12% from the company’s current price.

Separately, Wall Street Zen raised Northern Dynasty Minerals to a “sell” rating in a report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Performance

NAK stock traded up $0.41 during midday trading on Monday, reaching $1.81. 33,503,161 shares of the company were exchanged, compared to its average volume of 4,419,765. The company has a market cap of $976.30 million, a price-to-earnings ratio of -18.10 and a beta of -0.69. Northern Dynasty Minerals has a 1-year low of $0.30 and a 1-year high of $1.81. The stock’s 50-day simple moving average is $1.19 and its 200 day simple moving average is $0.84.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of large investors have recently added to or reduced their stakes in the business. Wealth Alliance LLC boosted its stake in shares of Northern Dynasty Minerals by 32.1% during the first quarter. Wealth Alliance LLC now owns 45,225 shares of the mining company’s stock valued at $52,000 after acquiring an additional 11,000 shares during the last quarter. Aletheian Wealth Advisors LLC boosted its stake in shares of Northern Dynasty Minerals by 23.2% during the 2nd quarter. Aletheian Wealth Advisors LLC now owns 109,200 shares of the mining company’s stock worth $146,000 after purchasing an additional 20,530 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Northern Dynasty Minerals during the first quarter worth about $25,000. SBI Securities Co. Ltd. raised its position in shares of Northern Dynasty Minerals by 571.6% in the first quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company’s stock valued at $31,000 after buying an additional 23,042 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Northern Dynasty Minerals during the first quarter valued at approximately $28,000. 10.55% of the stock is owned by institutional investors and hedge funds.

About Northern Dynasty Minerals

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.