H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Northern Dynasty Minerals (NAK) 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.
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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.
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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.
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