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 $3.00. The company’s shares closed last Monday at $0.59.
According to TipRanks.com, Ihle has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.3% and a 33.3% 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 $3.00 average price target.
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Based on Northern Dynasty Minerals’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $13.66 million. In comparison, last year the company had a GAAP net loss of $16.79 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.
