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

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, 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 reaffirmed a “buy” rating and set a $2.75 price target on shares of Northern Dynasty Minerals in a research report on Tuesday, May 7th.

NYSEAMERICAN NAK opened at $0.44 on Thursday. Northern Dynasty Minerals has a 52 week low of $0.42 and a 52 week high of $1.12.

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

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of Northern Dynasty Minerals by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 1,687,252 shares of the mining company’s stock worth $998,000 after acquiring an additional 28,575 shares during the last quarter. Gabelli Funds LLC increased 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 worth $305,000 after acquiring an additional 477,100 shares during the last quarter. M Holdings Securities Inc. increased 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 worth $226,000 after acquiring an additional 90,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Northern Dynasty Minerals by 2,102.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 317,089 shares of the mining company’s stock worth $188,000 after acquiring an additional 302,690 shares during the last quarter. Finally, Grimes & Company Inc. increased 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 worth $179,000 after acquiring an additional 113,000 shares during the last quarter.

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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