Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Expected to Rise, HC Wainwright Analyst Says

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) had its target price increased by HC Wainwright from $0.80 to $1.30 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the mining company’s stock.

Northern Dynasty Minerals Stock Down 5.2 %

NYSEAMERICAN NAK opened at $0.48 on Wednesday. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.56. The company has a market cap of $259.45 million, a price-to-earnings ratio of -12.06 and a beta of 0.53.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) EPS for the quarter. As a group, research analysts expect that Northern Dynasty Minerals will post -0.03 EPS for the current fiscal year.

Institutional Trading of Northern Dynasty Minerals

A number of large investors have recently bought and sold shares of the business. Cadinha & Co. LLC raised its position in Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock worth $464,000 after buying an additional 400,000 shares during the last quarter. Smith Anglin Financial LLC raised its position in Northern Dynasty Minerals by 61.5% during the 3rd 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 last quarter. Herr Investment Group LLC raised its position in Northern Dynasty Minerals by 10.7% during the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock worth $3,204,000 after buying an additional 999,891 shares during the last quarter. GAM Holding AG raised its position in Northern Dynasty Minerals by 56.3% during the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after buying an additional 180,000 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Northern Dynasty Minerals by 1.3% in the 1st quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after purchasing an additional 94,095 shares in the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.

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.