Northern Dynasty Minerals’ (NDM) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) in a report released on Thursday. They currently have a C$2.50 price target on the mining company’s stock.

“We reiterate our Buy recommendation and our unchanged C$2.50 per share price target. Our valuation remains based on a DCF of expected operations at Pebble, using an unchanged 15% discount rate.”,” HC Wainwright’s analyst wrote.

Shares of TSE:NDM traded down C$0.01 during midday trading on Thursday, reaching C$0.86. The company’s stock had a trading volume of 276,802 shares, compared to its average volume of 319,992. Northern Dynasty Minerals has a fifty-two week low of C$0.55 and a fifty-two week high of C$2.99.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last announced its quarterly earnings data on Thursday, August 9th. The mining company reported C($0.09) earnings per share (EPS) for the quarter. On average, equities research analysts forecast that Northern Dynasty Minerals will post -0.04 EPS for the current fiscal year.

In other news, Director Ronald William Thiessen sold 115,657 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of C$0.81, for a total value of C$93,682.17. Also, insider Marchand Snyman sold 62,857 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of C$0.81, for a total value of C$50,914.17.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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