Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) had its target price upped by TD Securities from $1.30 to $2.25 in a research report issued on Monday, The Fly reports. The firm presently has a “hold” rating on the mining company’s stock. TD Securities’ target price would suggest a potential upside of 57.34% from the stock’s current price.
A number of other research analysts also recently issued reports on NAK. HC Wainwright reiterated a “buy” rating and set a $2.00 price objective on shares of Northern Dynasty Minerals in a research note on Thursday, June 18th. Zacks Investment Research downgraded Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, reiterated a “sell” rating on shares of Northern Dynasty Minerals in a research note on Tuesday, June 9th.
Shares of NYSEAMERICAN:NAK opened at $1.43 on Monday. Northern Dynasty Minerals has a fifty-two week low of $0.35 and a fifty-two week high of $1.53.
Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in Northern Dynasty Minerals during the 1st quarter valued at $30,000. V Wealth Advisors LLC raised its holdings in Northern Dynasty Minerals by 44.9% during the 1st quarter. V Wealth Advisors LLC now owns 64,500 shares of the mining company’s stock valued at $25,000 after buying an additional 20,000 shares during the period. Stifel Financial Corp raised its holdings in Northern Dynasty Minerals by 43.0% during the 4th quarter. Stifel Financial Corp now owns 81,500 shares of the mining company’s stock valued at $33,000 after buying an additional 24,500 shares during the period. Advisor Group Holdings Inc. purchased a new stake in Northern Dynasty Minerals during the 1st quarter valued at $59,000. Finally, Magnolia Capital Advisors LLC purchased a new stake in Northern Dynasty Minerals during the 4th quarter valued at $86,000.
About Northern Dynasty Minerals
Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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