TD Securities Lowers Northern Dynasty Minerals Ltd (TSE:NDM) Price Target to C$4.00
Northern Dynasty Minerals Ltd (TSE:NDM) (NYSE:NAK) had its target price reduced by research analysts at TD Securities from C$5.00 to C$4.00 in a note issued to investors on Thursday. The brokerage presently has a “speculative buy” rating on the mining company’s stock. TD Securities’ price objective points to a potential upside of 111.64% from the company’s previous close.
Shares of Northern Dynasty Minerals (TSE:NDM) opened at 1.89 on Thursday. The stock’s market cap is $566.81 million. Northern Dynasty Minerals has a 1-year low of $0.54 and a 1-year high of $4.54. The company’s 50-day moving average is $2.21 and its 200 day moving average is $2.43.
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In related news, insider Sean Magee sold 21,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of C$2.56, for a total transaction of C$53,760.00.
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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