Northern Dynasty Minerals’ (NAK) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a report released on Tuesday,Benzinga reports. HC Wainwright currently has a $1.30 target price on the mining company’s stock.

NAK has been the subject of several other research reports. StockNews.com started coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They issued a “sell” rating for the company. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Price Performance

Shares of NAK stock opened at $0.70 on Tuesday. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.78. The company has a market capitalization of $377.85 million, a price-to-earnings ratio of -17.57 and a beta of 0.51.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC acquired a new stake in Northern Dynasty Minerals during the 4th quarter worth $31,000. Game Plan Financial Advisors LLC raised its holdings in shares of Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock valued at $45,000 after buying an additional 18,000 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after buying an additional 39,500 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals in the third quarter valued at about $33,000. Finally, XTX Topco Ltd raised its holdings in shares of Northern Dynasty Minerals by 104.4% in the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after buying an additional 52,346 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.