Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, December 19th.
A number of other equities analysts have also recently weighed in on NAK. BidaskClub raised Northern Dynasty Minerals from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. HC Wainwright began coverage on Northern Dynasty Minerals in a report on Thursday, October 19th. They set a “buy” rating and a $2.50 target price for the company.
Shares of Northern Dynasty Minerals (NAK) traded up $0.02 during mid-day trading on Tuesday, hitting $1.68. The stock had a trading volume of 2,920,000 shares, compared to its average volume of 3,640,000. The firm has a market cap of $513.70, a PE ratio of -10.50 and a beta of 0.46. Northern Dynasty Minerals has a fifty-two week low of $1.06 and a fifty-two week high of $3.45.
A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of Northern Dynasty Minerals by 4.5% in 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 in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Northern Dynasty Minerals by 37.0% in 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 in the last quarter. Smith Moore & CO. raised its stake in shares of Northern Dynasty Minerals by 340.7% in 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 in the last quarter. Midas Management Corp acquired a new stake in shares of Northern Dynasty Minerals in the third quarter valued at $108,000. Finally, PEAK6 Investments L.P. acquired a new stake in shares of Northern Dynasty Minerals in the third quarter valued at $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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