Northern Dynasty Minerals Ltd (NAK) Upgraded to “Hold” at BidaskClub
Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Separately, BMO Capital Markets assumed coverage on Northern Dynasty Minerals in a report on Monday, August 28th. They set a “market perform” rating on the stock.
Shares of Northern Dynasty Minerals (NYSEMKT:NAK) traded down 3.59% during midday trading on Thursday, reaching $1.88. 2,239,143 shares of the company were exchanged. Northern Dynasty Minerals has a 52-week low of $0.54 and a 52-week high of $3.45. The company’s market capitalization is $571.40 million. The firm’s 50 day moving average is $1.63 and its 200-day moving average is $1.54.
A hedge fund recently raised its stake in Northern Dynasty Minerals stock. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) by 826.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,032 shares of the mining company’s stock after acquiring an additional 115,999 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Northern Dynasty Minerals were worth $181,000 at the end of the most recent quarter.
About Northern Dynasty Minerals
Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.
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