BidaskClub Upgrades Northern Dynasty Minerals Ltd (NAK) to “Hold”
BidaskClub upgraded shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.
Separately, BMO Capital Markets began coverage on shares of Northern Dynasty Minerals in a research note on Monday, August 28th. They issued a market perform rating for the company.
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A hedge fund recently raised its stake in Northern Dynasty Minerals stock. Raymond James Financial Services Advisors Inc. raised its holdings in Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) by 826.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,032 shares of the mining company’s stock after buying an additional 115,999 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Northern Dynasty Minerals were worth $181,000 at the end of the most recent quarter.
About Northern Dynasty Minerals
Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.
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