HC Wainwright Analysts Give Northern Dynasty Minerals (NAK) a $3.00 Price Target
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) has been assigned a $3.00 target price by equities research analysts at HC Wainwright in a research report issued on Thursday. The brokerage currently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target suggests a potential upside of 354.55% from the stock’s current price.
The analysts wrote, “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.””
Separately, Zacks Investment Research cut Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings data on Thursday, August 9th. The mining company reported ($0.07) earnings per share (EPS) for the quarter.
An institutional investor recently raised its position in Northern Dynasty Minerals stock. Russell Investments Group Ltd. lifted its holdings in Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,744,584 shares of the mining company’s stock after purchasing an additional 681,423 shares during the period. Russell Investments Group Ltd. owned about 1.52% of Northern Dynasty Minerals worth $2,639,000 as of its most recent filing with the Securities & Exchange Commission.
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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