In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Northern Dynasty Minerals (NAK), with a price target of $2.50. The company’s shares closed yesterday at $0.91.
According to TipRanks.com, Ihle is a 5-star analyst with an average return of 7.0% and a 56.8% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Americas Silver Corporation, 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 $2.50 average price target.
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Based on Northern Dynasty Minerals’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $12.19 million. In comparison, last year the company had a net profit of $22.91 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.
