HC Wainwright Issues Positive Forecast for Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price

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

Northern Dynasty Minerals Stock Up 23.1 %

Shares of NAK opened at $0.52 on Wednesday. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.56. The firm has a market capitalization of $279.61 million, a P/E ratio of -13.00 and a beta of 0.53.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) EPS for the quarter. On average, sell-side analysts anticipate that Northern Dynasty Minerals will post -0.03 earnings per share for the current fiscal year.

Institutional Trading of Northern Dynasty Minerals

Large investors have recently made changes to their positions in the stock. Smith Anglin Financial LLC boosted its holdings in shares of 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 valued at $35,000 after purchasing an additional 40,000 shares during the period. GAM Holding AG lifted its holdings in shares of Northern Dynasty Minerals by 56.3% in 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 period. Cadinha & Co. LLC grew its position in shares of 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 in the last quarter. Russell Investments Group Ltd. grew its position in shares of Northern Dynasty Minerals by 1.3% during the 1st quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock worth $2,356,000 after buying an additional 94,095 shares in the last quarter. Finally, Herr Investment Group LLC purchased a new position in shares of Northern Dynasty Minerals during the first quarter valued at $2,986,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

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.