HC Wainwright set a $3.00 target price on Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the mining company’s stock.

“We reiterate our Buy recommendation and our unchanged $2.50 per share price target. Our valuation remains based on a DCF of expected operations at Pebble, using an unchanged 15% discount rate. We also add in-situ value for Pebble’s M&I copper and gold resources not used in our DCF analysis after applying a 0.10x in-situ multiple.”,” the firm’s analyst commented.

Separately, Zacks Investment Research cut shares of Northern Dynasty Minerals from a buy rating to a hold rating in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $2.38.

NYSEAMERICAN:NAK remained flat at $$0.50 during trading hours on Thursday. 6,475 shares of the company traded hands, compared to its average volume of 1,723,297. Northern Dynasty Minerals has a 1 year low of $0.43 and a 1 year high of $2.34.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its earnings results on Monday, May 14th. The mining company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02).

Several hedge funds have recently made changes to their positions in NAK. Goldman Sachs Group Inc. raised its stake in shares of Northern Dynasty Minerals by 11.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 571,644 shares of the mining company’s stock valued at $1,012,000 after buying an additional 58,685 shares in the last quarter. Global X Management Co. LLC acquired a new position in shares of Northern Dynasty Minerals in the 1st quarter valued at $525,000. Vertex One Asset Management Inc. raised its stake in shares of Northern Dynasty Minerals by 35.9% in the 1st quarter. Vertex One Asset Management Inc. now owns 7,725,643 shares of the mining company’s stock valued at $7,049,000 after buying an additional 2,041,043 shares in the last quarter. Grimes & Company Inc. raised its stake in shares of Northern Dynasty Minerals by 1,264.9% in the 1st quarter. Grimes & Company Inc. now owns 182,900 shares of the mining company’s stock valued at $166,000 after buying an additional 169,500 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Northern Dynasty Minerals by 41.9% in the 1st quarter. Russell Investments Group Ltd. now owns 4,667,246 shares of the mining company’s stock valued at $4,298,000 after buying an additional 1,377,455 shares in 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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