Northern Dynasty Minerals (NYSEAMERICAN:NAK) Earns Buy Rating from HC Wainwright

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $1.30 price objective on the mining company’s stock. HC Wainwright’s price objective points to a potential upside of 83.10% from the company’s previous close.

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

Northern Dynasty Minerals Stock Performance

NYSEAMERICAN:NAK opened at $0.71 on Tuesday. The firm has a market cap of $381.83 million, a PE ratio of -17.75 and a beta of 0.51. Northern Dynasty Minerals has a fifty-two week low of $0.23 and a fifty-two week high of $0.78.

Institutional Trading of Northern Dynasty Minerals

Several institutional investors have recently added to or reduced their stakes in NAK. RFG Advisory LLC bought a new stake in Northern Dynasty Minerals during the fourth quarter valued at $31,000. Stifel Financial Corp boosted its holdings in shares of Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after buying an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at about $33,000. XTX Topco Ltd raised its stake in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after acquiring an additional 52,346 shares during the period. Finally, Smith Anglin Financial LLC lifted its holdings in Northern Dynasty Minerals by 61.5% in the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after acquiring an additional 40,000 shares during the last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

Northern Dynasty Minerals Company Profile

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.