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 on Friday at $0.96.
Ihle said:
“We reiterate our Buy recommendation while raising our per share PT to $2.75 from $2.50. We highlight that the higher price target was solely due to updated financials amid the higher price deck. Our valuation remains based on a DCF of expected operations at Pebble using an unchanged 15% discount rate.”
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.5% and a 34.9% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Golden Star Resources Ltd, and Paringa Resources Limited.
The word on The Street in general, suggests a Hold analyst consensus rating for Northern Dynasty Minerals.
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Based on Northern Dynasty Minerals’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $16.79 million. In comparison, last year the company had a GAAP net loss of $8.95 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.
