H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Northern Dynasty Minerals (NAK) today and set a price target of $2.75. The company’s shares closed yesterday at $0.49, close to its 52-week low of $0.43.
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.2% and a 33.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
Currently, the analyst consensus on Northern Dynasty Minerals is a Moderate Buy with an average price target of $2.75.
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Based on Northern Dynasty Minerals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $9.46 million. In comparison, last year the company had a GAAP net loss of $8.77 million.
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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.
