Northern Dynasty Minerals Now Covered by CIBC (NAK)
Equities research analysts at CIBC assumed coverage on shares of Northern Dynasty Minerals (NYSE:NAK) in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm set an “underperform” rating and a C$2.50 price target on the stock.
Shares of Northern Dynasty Minerals (NYSE:NAK) traded down 1.34% during mid-day trading on Tuesday, hitting $1.47. 287,208 shares of the company’s stock traded hands. Northern Dynasty Minerals has a 52-week low of $1.33 and a 52-week high of $5.40. The stock’s 50-day moving average is $2.15 and its 200-day moving average is $2.46. The company’s market cap is $139.7 million.
A number of other analysts have also recently weighed in on NAK. Analysts at TD Securities downgraded shares of Northern Dynasty Minerals (NYSE:NAK) from a “speculative buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a C$2.00 price target on the stock, down previously from C$5.50.
Northern Dynasty Minerals Ltd. (NYSE:NAK) is a Canada-based company engaged in the exploration of mineral properties.
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