Northern Dynasty Minerals (NYSEAMERICAN:NAK) Price Target Raised to $1.30 at HC Wainwright

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) had its price objective boosted by stock analysts at HC Wainwright from $0.80 to $1.30 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. HC Wainwright’s price target would indicate a potential upside of 207.77% from the stock’s previous close.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN:NAK opened at $0.42 on Wednesday. The firm has a market cap of $227.13 million, a price-to-earnings ratio of -10.56 and a beta of 0.53. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.46.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last posted its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Northern Dynasty Minerals will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter valued at $4,228,000. Russell Investments Group Ltd. grew its holdings in Northern Dynasty Minerals by 1.3% in the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after purchasing an additional 94,095 shares during the period. Herr Investment Group LLC raised its holdings in shares of Northern Dynasty Minerals by 10.7% in the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock worth $3,204,000 after purchasing an additional 999,891 shares during the period. Cadinha & Co. LLC raised its position in Northern Dynasty Minerals by 40.0% in the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after purchasing an additional 400,000 shares during the period. Finally, GAM Holding AG grew its stake in Northern Dynasty Minerals by 56.3% during the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after purchasing an additional 180,000 shares in the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Company Profile

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.