Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) had its target price raised by HC Wainwright from $2.50 to $3.00 in a research report report published on Monday, AnalystRatings.com reports. HC Wainwright currently has a buy rating on the mining company’s stock.
“We reiterate our Buy rating and increase our PT from $2.50 per share to $3.00 per share. Our increased PT is a direct result of the aforementioned price deck revisions. Our valuation remains based on a DCF of operations at Pebble using an unchanged 15% discount rate.”,” the firm’s analyst wrote.
Separately, Zacks Investment Research raised shares of Northern Dynasty Minerals from a sell rating to a hold rating in a report on Wednesday, July 10th.
Shares of NYSEAMERICAN NAK opened at $0.69 on Monday. Northern Dynasty Minerals has a 52-week low of $0.41 and a 52-week high of $1.12.
Several large investors have recently made changes to their positions in NAK. Marshall Wace LLP acquired a new stake in shares of Northern Dynasty Minerals in the first quarter valued at approximately $30,000. Nordea Investment Management AB acquired a new stake in shares of Northern Dynasty Minerals in the first quarter valued at approximately $47,000. Advisor Group Inc. increased its stake in shares of Northern Dynasty Minerals by 45.8% in the second quarter. Advisor Group Inc. now owns 89,120 shares of the mining company’s stock valued at $53,000 after purchasing an additional 28,000 shares during the period. CVI Holdings LLC acquired a new stake in shares of Northern Dynasty Minerals in the second quarter valued at approximately $78,000. Finally, Cadinha & Co. LLC acquired a new position in shares of Northern Dynasty Minerals during the first quarter valued at approximately $90,000.
About Northern Dynasty Minerals
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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