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 $0.61.
Ihle noted:
“We reiterate our Buy rating and our PT of $2.75 per share. In short, we ultimately anticipate the USACE to issue a permit and for Pebble to continue moving forward through the process. We believe this yields a buying opportunity for NAK shares.”
According to TipRanks.com, Ihle is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -2.5% and a 42.4% 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 Moderate Buy analyst consensus rating for Northern Dynasty Minerals with a $2.75 average price target.
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The company has a one-year high of $1.12 and a one-year low of $0.43. Currently, Northern Dynasty Minerals has an average volume of 1.37M.
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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.
