BMO Capital Markets upgraded shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday.

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Northern Dynasty Minerals from a sell rating to a hold rating in a research report on Thursday, September 21st. HC Wainwright assumed coverage on shares of Northern Dynasty Minerals in a research report on Thursday, October 19th. They issued a buy rating and a $2.50 target price for the company.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) opened at $1.84 on Tuesday. Northern Dynasty Minerals has a 1 year low of $1.06 and a 1 year high of $3.45. The company has a market cap of $676.17, a PE ratio of -12.27 and a beta of 0.47.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Northern Dynasty Minerals by 4.5% in the second quarter. Goldman Sachs Group Inc. now owns 512,942 shares of the mining company’s stock valued at $713,000 after acquiring an additional 22,111 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Northern Dynasty Minerals by 826.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 130,032 shares of the mining company’s stock worth $181,000 after buying an additional 115,999 shares in the last quarter. Midas Management Corp bought a new stake in Northern Dynasty Minerals during the third quarter worth approximately $108,000. Gabelli Funds LLC bought a new stake in Northern Dynasty Minerals during the third quarter worth approximately $414,000. Finally, Smith Moore & CO. boosted its holdings in Northern Dynasty Minerals by 340.7% during the third quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock worth $132,000 after buying an additional 56,500 shares in the last quarter.

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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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