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UPDATE: Canaccord Genuity Downgrades Northern Dynasty Minerals to Hold on Headwinds and Risk Aversion

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Canaccord Genuity reduces its rating on Northern Dynasty Minerals (NYSE: NAK) and reduces its price target from C$11.45 to C$7.

Canaccord Genuity notes, "We have adjusted our risk profile for NDM based on market conditions and project permitting challenges. We are decreasing our 12-month target price to C$7.00 per share (from C$11.45), and moving our recommendation to a market neutral, HOLD rating (was Speculative Buy)."

NAK closed at $2.56 on Tuesday.

Latest Ratings for NAK

DateFirmActionFromTo
Aug 2019MaintainsBuy
Jan 2018DowngradesSpeculative BuyHold
Dec 2017UpgradesMarket PerformOutperform

View More Analyst Ratings for NAK
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Downgrades Price Target Pre-Market Outlook Analyst Ratings

 

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