Northern Dynasty Minerals (NASDAQ:NAK) Receives "Buy" Rating from HC Wainwright

Key Points

• Northern Dynasty Minerals has received a "buy" rating from HC Wainwright, with a price target set at $2.50, indicating a potential upside of 65.56% from its current price.
• The company's stock opened at $1.51 and has experienced a 12-month price range with a low of $0.30 and a high of $2.40.
• Northern Dynasty is primarily focused on the Pebble project in Alaska, which encompasses a significant area of mineral claims essential for the exploration of precious metals.

Northern Dynasty Minerals (NASDAQ:NAK - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They presently have a $2.50 price target on the stock. HC Wainwright's price objective would indicate a potential upside of 65.56% from the stock's current price.

Northern Dynasty Minerals Price Performance

Shares of NAK stock opened at $1.51 on Tuesday. The firm has a market cap of $833.14 million, a price-to-earnings ratio of -13.73 and a beta of -0.60. Northern Dynasty Minerals has a 12 month low of $0.30 and a 12 month high of $2.40.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage.

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