HC Wainwright Raises Northern Dynasty Minerals (NYSEAMERICAN:NAK) Price Target to $3.00
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) had its price target increased by HC Wainwright from $2.50 to $3.00 in a report published on Monday morning, AnalystRatings.com reports. The brokerage currently has a buy rating on the mining company’s stock.
“We reiterate our Buy rating and increase our PT from $2.50 per share to $3.00 per share. Our increased PT is a direct result of the aforementioned price deck revisions. Our valuation remains based on a DCF of operations at Pebble using an unchanged 15% discount rate.”,” HC Wainwright’s analyst commented.
Separately, Zacks Investment Research raised Northern Dynasty Minerals from a sell rating to a hold rating in a research note on Wednesday, July 10th.
Hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of Northern Dynasty Minerals during the 1st quarter worth $30,000. Nordea Investment Management AB acquired a new stake in shares of Northern Dynasty Minerals during the 1st quarter worth $47,000. Advisor Group Inc. increased its holdings in Northern Dynasty Minerals by 45.8% in the 2nd quarter. Advisor Group Inc. now owns 89,120 shares of the mining company’s stock valued at $53,000 after purchasing an additional 28,000 shares in the last quarter. CVI Holdings LLC acquired a new stake in Northern Dynasty Minerals in the 2nd quarter valued at $78,000. Finally, Cadinha & Co. LLC acquired a new stake in Northern Dynasty Minerals in the 1st quarter valued at $90,000.
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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