HC Wainwright set a $3.00 price target on Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report released on Thursday. The firm currently has a buy rating on the mining company’s stock.

“We reiterate our Buy recommendation and our unchanged $2.50 per share price target. Our valuation remains based on a DCF of expected operations at Pebble, using an unchanged 15% discount rate. We also add in-situ value for Pebble’s M&I copper and gold resources not used in our DCF analysis after applying a 0.10x in-situ multiple.”,” the firm’s analyst commented.

Separately, Zacks Investment Research cut Northern Dynasty Minerals from a buy rating to a hold rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $2.38.

Shares of NYSEAMERICAN NAK opened at $0.50 on Thursday. Northern Dynasty Minerals has a twelve month low of $0.43 and a twelve month high of $2.34.

Several institutional investors have recently added to or reduced their stakes in the company. M Holdings Securities Inc. raised its stake in shares of Northern Dynasty Minerals by 104.2% during the second quarter. M Holdings Securities Inc. now owns 245,000 shares of the mining company’s stock worth $133,000 after purchasing an additional 125,000 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Northern Dynasty Minerals by 41.9% during the first quarter. Russell Investments Group Ltd. now owns 4,667,246 shares of the mining company’s stock worth $4,298,000 after purchasing an additional 1,377,455 shares during the last quarter. Grimes & Company Inc. raised its stake in shares of Northern Dynasty Minerals by 1,264.9% during the first quarter. Grimes & Company Inc. now owns 182,900 shares of the mining company’s stock worth $166,000 after purchasing an additional 169,500 shares during the last quarter. Vertex One Asset Management Inc. raised its stake in shares of Northern Dynasty Minerals by 35.9% during the first quarter. Vertex One Asset Management Inc. now owns 7,725,643 shares of the mining company’s stock worth $7,049,000 after purchasing an additional 2,041,043 shares during the last quarter. Finally, Global X Management Co. LLC purchased a new stake in shares of Northern Dynasty Minerals during the first quarter worth approximately $525,000.

About Northern Dynasty Minerals

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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