Northern Dynasty Minerals (NAK) Raised to “Buy” at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) from a hold rating to a buy rating in a research report released on Friday morning, The Fly reports.

NAK has been the topic of a number of other research reports. HC Wainwright set a $3.00 target price on Northern Dynasty Minerals and gave the company a buy rating in a report on Thursday, November 8th. Zacks Investment Research cut Northern Dynasty Minerals from a buy rating to a hold rating in a report on Wednesday, October 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Northern Dynasty Minerals has an average rating of Buy and a consensus price target of $1.75.

Shares of NAK stock traded up $0.01 during mid-day trading on Friday, hitting $0.68. 1,373,245 shares of the company’s stock were exchanged, compared to its average volume of 1,478,579. Northern Dynasty Minerals has a fifty-two week low of $0.43 and a fifty-two week high of $2.30.

A number of institutional investors have recently modified their holdings of NAK. M Holdings Securities Inc. raised its position in Northern Dynasty Minerals by 104.2% in the second quarter. M Holdings Securities Inc. now owns 245,000 shares of the mining company’s stock valued at $133,000 after purchasing an additional 125,000 shares during the period. Russell Investments Group Ltd. raised its position in Northern Dynasty Minerals by 16.8% in the third quarter. Russell Investments Group Ltd. now owns 4,744,584 shares of the mining company’s stock valued at $2,639,000 after purchasing an additional 681,423 shares during the period. Vertex One Asset Management Inc. raised its position in Northern Dynasty Minerals by 3.3% in the third quarter. Vertex One Asset Management Inc. now owns 9,025,965 shares of the mining company’s stock valued at $5,050,000 after purchasing an additional 287,369 shares during the period. Finally, Kopernik Global Investors LLC raised its position in Northern Dynasty Minerals by 6.8% in the third quarter. Kopernik Global Investors LLC now owns 5,197,525 shares of the mining company’s stock valued at $2,911,000 after purchasing an additional 332,897 shares during the period.

Northern Dynasty Minerals Company Profile

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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