Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Expected to Rise, HC Wainwright Analyst Says

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) had its price objective raised by HC Wainwright from $0.80 to $1.30 in a report issued on Wednesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the mining company’s stock.

Northern Dynasty Minerals Stock Down 5.2 %

Shares of NAK opened at $0.48 on Wednesday. The stock has a market capitalization of $259.45 million, a PE ratio of -12.06 and a beta of 0.53. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.56.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings data on Wednesday, August 14th. The mining company reported ($0.01) EPS for the quarter. On average, equities research analysts forecast that Northern Dynasty Minerals will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Northern Dynasty Minerals during the 1st quarter worth about $4,228,000. Russell Investments Group Ltd. boosted its position in shares of 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 worth $2,356,000 after acquiring an additional 94,095 shares during the last quarter. Herr Investment Group LLC boosted its position in shares of Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock worth $3,204,000 after acquiring an additional 999,891 shares during the last quarter. Cadinha & Co. LLC boosted its position in shares of 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 worth $464,000 after acquiring an additional 400,000 shares during the last quarter. Finally, GAM Holding AG boosted its position in shares of Northern Dynasty Minerals by 56.3% in the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after acquiring an additional 180,000 shares during the last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

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.