HC Wainwright started coverage on shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) in a note issued to investors on Thursday. The brokerage set a “buy” rating and a $2.50 price target on the mining company’s stock. HC Wainwright’s price target indicates a potential upside of 19.62% from the company’s current price.

Other analysts have also recently issued reports about the stock. BidaskClub raised shares of Northern Dynasty Minerals from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. BMO Capital Markets began coverage on shares of Northern Dynasty Minerals in a research note on Monday, August 28th. They issued a “market perform” rating for the company.

Northern Dynasty Minerals (NYSEMKT:NAK) opened at 2.09 on Thursday. The stock’s market capitalization is $635.23 million. The company has a 50-day moving average of $1.87 and a 200-day moving average of $1.62. Northern Dynasty Minerals has a 1-year low of $0.60 and a 1-year high of $3.45.

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An institutional investor recently raised its position in Northern Dynasty Minerals stock. Goldman Sachs Group Inc. raised its holdings in shares of Northern Dynasty Minerals Ltd (NYSEMKT:NAK) (TSE:NDM) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,942 shares of the mining company’s stock after purchasing an additional 22,111 shares during the quarter. Goldman Sachs Group Inc. owned 0.17% of Northern Dynasty Minerals worth $713,000 as of its most recent filing with the Securities & Exchange Commission.

Northern Dynasty Minerals Company Profile

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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