Northern Dynasty Minerals’ (NAK) Buy Rating Reiterated at HC Wainwright

Northern Dynasty Minerals (NASDAQ:NAK)‘s stock had its “buy” rating reaffirmed by analysts at HC Wainwright in a research report issued on Friday,Benzinga reports. They currently have a $2.50 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 15.74% from the company’s current price.

Northern Dynasty Minerals Trading Up 3.8%

NAK opened at $2.16 on Friday. Northern Dynasty Minerals has a 1-year low of $0.45 and a 1-year high of $2.98. The firm has a market cap of $1.19 billion, a PE ratio of -18.00 and a beta of -0.11. The stock has a 50 day moving average price of $1.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PFG Investments LLC boosted its position in shares of Northern Dynasty Minerals by 91.6% in the 3rd quarter. PFG Investments LLC now owns 21,081 shares of the company’s stock worth $25,000 after buying an additional 10,081 shares in the last quarter. Advance Capital Management Inc. acquired a new position in Northern Dynasty Minerals during the third quarter worth about $27,000. Private Advisor Group LLC raised its position in Northern Dynasty Minerals by 66.7% during the third quarter. Private Advisor Group LLC now owns 25,000 shares of the company’s stock worth $30,000 after acquiring an additional 10,000 shares during the last quarter. Advisory Alpha LLC purchased a new stake in shares of Northern Dynasty Minerals in the third quarter valued at about $33,000. Finally, SBI Securities Co. Ltd. grew its position in shares of Northern Dynasty Minerals by 374.9% in the third quarter. SBI Securities Co. Ltd. now owns 30,467 shares of the company’s stock valued at $37,000 after purchasing an additional 24,051 shares during the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is 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, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage.