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 $0.80. The company’s shares closed last Monday at $0.44, close to its 52-week low of $0.31.
According to TipRanks.com, Ihle is a top 100 analyst with an average return of 42.6% and a 66.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, First Majestic Silver, and Golden Star Resources.
Northern Dynasty Minerals has an analyst consensus of Moderate Buy, with a price target consensus of $0.85.
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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 $25.76 million. In comparison, last year the company had a GAAP net loss of $19.12 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.
