Northern Dynasty Minerals (NYSEAMERICAN:NAK) Given New $1.30 Price Target at HC Wainwright

Northern Dynasty Minerals (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM had its price target increased by analysts at HC Wainwright from $0.80 to $1.30 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the mining company's stock. HC Wainwright's price target indicates a potential upside of 158.14% from the stock's previous close.

Northern Dynasty Minerals Stock Up 19.2 %

NAK stock traded up $0.08 during midday trading on Wednesday, reaching $0.50. 20,668,092 shares of the stock were exchanged, compared to its average volume of 1,591,046. The firm has a market capitalization of $270.80 million, a P/E ratio of -10.56 and a beta of 0.53. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.56.

Northern Dynasty Minerals (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM last released its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Northern Dynasty Minerals will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of hedge funds have recently added to or reduced their stakes in NAK. Smith Anglin Financial LLC lifted its holdings in Northern Dynasty Minerals by 61.5% during the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company's stock valued at $35,000 after purchasing an additional 40,000 shares during the last quarter. GAM Holding AG lifted its holdings in Northern Dynasty Minerals by 56.3% during the 2nd quarter. GAM Holding AG now owns 500,000 shares of the mining company's stock worth $155,000 after purchasing an additional 180,000 shares in the last quarter. Cadinha & Co. LLC grew its holdings in Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock valued at $464,000 after buying an additional 400,000 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Northern Dynasty Minerals by 1.3% during the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company's stock valued at $2,356,000 after buying an additional 94,095 shares during the period. Finally, Herr Investment Group LLC bought a new position in shares of Northern Dynasty Minerals in the first quarter valued at approximately $2,986,000. Institutional investors and hedge funds own 10.55% of the company's stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.