HC Wainwright Reaffirms Buy Rating for Northern Dynasty Minerals (NAK)

HC Wainwright reaffirmed their buy rating on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research note issued to investors on Tuesday, AnalystRatings.com reports. HC Wainwright currently has a $2.75 price target on the mining company’s stock.

Separately, Zacks Investment Research cut shares of Northern Dynasty Minerals from a hold rating to a strong sell rating in a research note on Wednesday, April 3rd.

NAK stock opened at $0.49 on Tuesday. Northern Dynasty Minerals has a 52 week low of $0.42 and a 52 week high of $1.12.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its earnings results on Monday, April 1st. The mining company reported ($0.03) EPS for the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in NAK. Gabelli Funds LLC lifted its stake in Northern Dynasty Minerals by 1,590.3% during the 1st quarter. Gabelli Funds LLC now owns 507,100 shares of the mining company’s stock valued at $305,000 after acquiring an additional 477,100 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Northern Dynasty Minerals by 2,102.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 317,089 shares of the mining company’s stock valued at $188,000 after acquiring an additional 302,690 shares during the period. Cadinha & Co. LLC acquired a new stake in Northern Dynasty Minerals during the 1st quarter valued at approximately $90,000. Grimes & Company Inc. lifted its stake in Northern Dynasty Minerals by 61.3% during the 1st quarter. Grimes & Company Inc. now owns 297,215 shares of the mining company’s stock valued at $179,000 after acquiring an additional 113,000 shares during the period. Finally, M Holdings Securities Inc. lifted its stake in Northern Dynasty Minerals by 14.0% during the 4th quarter. M Holdings Securities Inc. now owns 285,000 shares of the mining company’s stock valued at $162,000 after acquiring an additional 35,000 shares during the period.

Northern Dynasty Minerals Company Profile

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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