Northern Dynasty Minerals (NYSEAMERICAN:NAK) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) from a sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

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. “

Separately, HC Wainwright set a $10.00 price objective on Jaguar Health and gave the company a buy rating in a report on Tuesday, July 2nd.

Shares of NAK opened at $0.47 on Wednesday. Northern Dynasty Minerals has a 12 month low of $0.41 and a 12 month high of $1.12.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings data on Wednesday, May 15th. The mining company reported ($0.04) EPS for the quarter.

Several institutional investors and hedge funds have recently modified their holdings of NAK. Gabelli Funds LLC lifted its holdings in shares of Northern Dynasty Minerals by 1,590.3% during the 1st quarter. Gabelli Funds LLC now owns 507,100 shares of the mining company’s stock valued at $305,000 after purchasing an additional 477,100 shares during the last quarter. Cadinha & Co. LLC purchased a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at $90,000. Grimes & Company Inc. lifted its holdings in shares of Northern Dynasty Minerals by 61.3% during the 1st quarter. Grimes & Company Inc. now owns 297,215 shares of the mining company’s stock valued at $179,000 after purchasing an additional 113,000 shares during the last quarter. M Holdings Securities Inc. lifted its holdings in shares of Northern Dynasty Minerals by 31.6% during the 1st quarter. M Holdings Securities Inc. now owns 375,000 shares of the mining company’s stock valued at $226,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at $47,000.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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