Cantor Fitzgerald upgraded shares of Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) from a hold rating to a buy rating in a research note issued to investors on Friday, The Fly reports.

Several other brokerages also recently commented on NAK. Zacks Investment Research downgraded shares of Northern Dynasty Minerals from a buy rating to a hold rating in a research note on Wednesday, August 1st. HC Wainwright set a $3.00 target price on shares of Northern Dynasty Minerals and gave the stock a buy rating in a research note on Thursday, November 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $1.75.

Shares of NYSEAMERICAN NAK opened at $0.69 on Friday. Northern Dynasty Minerals has a 52 week low of $0.43 and a 52 week high of $2.30.

A number of institutional investors have recently modified their holdings of NAK. M Holdings Securities Inc. increased its position in Northern Dynasty Minerals by 104.2% during the 2nd quarter. M Holdings Securities Inc. now owns 245,000 shares of the mining company’s stock valued at $133,000 after purchasing an additional 125,000 shares during the period. Russell Investments Group Ltd. increased its position in Northern Dynasty Minerals by 16.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,744,584 shares of the mining company’s stock valued at $2,639,000 after purchasing an additional 681,423 shares during the period. Kopernik Global Investors LLC increased its position in Northern Dynasty Minerals by 6.8% during the 3rd quarter. Kopernik Global Investors LLC now owns 5,197,525 shares of the mining company’s stock valued at $2,911,000 after purchasing an additional 332,897 shares during the period. Finally, Vertex One Asset Management Inc. increased its position in Northern Dynasty Minerals by 3.3% during the 3rd quarter. Vertex One Asset Management Inc. now owns 9,025,965 shares of the mining company’s stock valued at $5,050,000 after purchasing an additional 287,369 shares during the period.

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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