Northern Dynasty Minerals Ltd (NAK) Coverage Initiated by Analysts at HC Wainwright
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.
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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