Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $2.00 price target on the mining company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 16.96% from the company’s previous close.
According to Zacks, “Northern Dynasty owns the rights to purchase 100% of the Pebble gold-copper-molybdenum porphyry deposit, where successful drilling programs have delineated an Inferred Mineral Resource. Northern Dynasty is the largest gold deposit and one of the largest copper deposits in North America. “
Other equities analysts have also recently issued research reports about the company. BMO Capital Markets raised Northern Dynasty Minerals from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 19th. BidaskClub raised Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Finally, HC Wainwright reissued a “buy” rating and set a $2.50 target price on shares of Northern Dynasty Minerals in a report on Monday, January 8th.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its earnings results on Tuesday, November 14th. The mining company reported ($0.05) EPS for the quarter.
Several institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Northern Dynasty Minerals by 4.5% during 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 during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Northern Dynasty Minerals by 37.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 178,132 shares of the mining company’s stock valued at $321,000 after acquiring an additional 48,100 shares during the last quarter. Smith Moore & CO. raised its holdings in shares of Northern Dynasty Minerals by 340.7% during the third quarter. Smith Moore & CO. now owns 73,085 shares of the mining company’s stock valued at $132,000 after acquiring an additional 56,500 shares during the last quarter. Midas Management Corp acquired a new position in shares of Northern Dynasty Minerals during the third quarter valued at approximately $108,000. Finally, PEAK6 Investments L.P. acquired a new position in shares of Northern Dynasty Minerals during the third quarter valued at approximately $125,000.
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Northern Dynasty Minerals Company Profile
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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