Zacks Investment Research upgraded shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) from a sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.
According to Zacks, “Northern Dynasty owns the rights to purchase 100% of the Pebble gold-copper-molybdenum porphyry deposit, where successful drilling programs have delineated an Inferred Mineral Resource. Northern Dynasty is the largest gold deposit and one of the largest copper deposits in North America. “
Separately, HC Wainwright set a $10.00 price objective on Jaguar Health and gave the company a buy rating in a research report on Tuesday, July 2nd.
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last issued its quarterly earnings data on Wednesday, May 15th. The mining company reported ($0.04) earnings per share (EPS) for the quarter.
A number of hedge funds have recently modified their holdings of NAK. Gabelli Funds LLC raised its position in Northern Dynasty Minerals by 1,590.3% during the first quarter. Gabelli Funds LLC now owns 507,100 shares of the mining company’s stock valued at $305,000 after purchasing an additional 477,100 shares during the period. Cadinha & Co. LLC purchased a new stake in Northern Dynasty Minerals during the first quarter valued at approximately $90,000. Grimes & Company Inc. raised its position in Northern Dynasty Minerals by 61.3% during the first quarter. Grimes & Company Inc. now owns 297,215 shares of the mining company’s stock valued at $179,000 after purchasing an additional 113,000 shares during the period. M Holdings Securities Inc. raised its position in Northern Dynasty Minerals by 31.6% during the first quarter. M Holdings Securities Inc. now owns 375,000 shares of the mining company’s stock valued at $226,000 after purchasing an additional 90,000 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in Northern Dynasty Minerals during the first quarter valued at approximately $47,000.
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.
Featured Article: What is Forex?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Northern Dynasty Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Dynasty Minerals and related companies with MarketBeat.com's FREE daily email newsletter.