Northern Dynasty Minerals (NAK) Gets a Buy Rating from H.C. Wainwright

By Ryan Adsit

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Northern Dynasty Minerals (NAKResearch Report) today and set a price target of $3. The company’s shares closed last Monday at $0.69.

Ihle said:

“We reiterate our Buy rating and increase our PT from $2.50 per share to $3.00 per share. Our increased PT is a direct result of the aforementioned price deck revisions. Our valuation remains based on a DCF of operations at Pebble using an unchanged 15% discount rate.”

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.7% and a 48.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northern Dynasty Minerals with a $3 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $1.12 and a one-year low of $0.41. Currently, Northern Dynasty Minerals has an average volume of 2.55M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Northern Dynasty Minerals Ltd. engages in the exploration and development of gold and copper mineral properties. It holds interest in Pebble Copper-Gold-Molybdenum Project. The company was founded on May 11, 1983 and is headquartered in Vancouver, Canada.