Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:
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Posted On: 07/25/2019 2:51:30 PM
Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, July 2nd, AnalystRatings.com reports. They currently have a $2.50 target price on the mining company’s stock. HC Wainwright’s target price would suggest a potential upside of 309.84% from the company’s current price.
The analysts wrote, “We note that the withdrawal of a preemptive veto should significantly level the playing field for Northern Dynasty as management continues to advance the Environmental Impact Statement (EIS) and Federal permitting process for its Pebble Project in accordance with the NEPA. In short, management believes that the Proposed Determination may be withdrawn by the Trump Administration. This is especially pertinent since the Pebble Project Draft EIS highlights an opportunity for responsible investment with the simultaneous capability of meeting rigorous environmental standards. Right-of-Way agreement reached. The firm reported a finalized Right- of-Way agreement with Iliamna Natives Limited (INL) on May 15, 2019.””
The analysts wrote, “We note that the withdrawal of a preemptive veto should significantly level the playing field for Northern Dynasty as management continues to advance the Environmental Impact Statement (EIS) and Federal permitting process for its Pebble Project in accordance with the NEPA. In short, management believes that the Proposed Determination may be withdrawn by the Trump Administration. This is especially pertinent since the Pebble Project Draft EIS highlights an opportunity for responsible investment with the simultaneous capability of meeting rigorous environmental standards. Right-of-Way agreement reached. The firm reported a finalized Right- of-Way agreement with Iliamna Natives Limited (INL) on May 15, 2019.””
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