Traders Purchase High Volume of Northern Dynasty Minerals Call Options (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of some unusual options trading activity on Monday. Investors purchased 6,490 call options on the stock. This is an increase of approximately 140% compared to the average volume of 2,703 call options.

Northern Dynasty Minerals Trading Up 30.1 %

NAK opened at $1.16 on Tuesday. Northern Dynasty Minerals has a 52-week low of $0.27 and a 52-week high of $1.28. The stock’s 50 day simple moving average is $0.69. The stock has a market capitalization of $624.11 million, a P/E ratio of -29.00 and a beta of 0.51.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NAK. Invenomic Capital Management LP grew its position in Northern Dynasty Minerals by 145.4% in the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock valued at $2,320,000 after buying an additional 4,145,767 shares in the last quarter. Dauntless Investment Group LLC bought a new stake in shares of Northern Dynasty Minerals in the 4th quarter worth approximately $1,233,000. BNP Paribas Financial Markets lifted its stake in Northern Dynasty Minerals by 164.8% during the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock valued at $1,890,000 after purchasing an additional 2,022,304 shares during the last quarter. Two Sigma Investments LP bought a new stake in Northern Dynasty Minerals during the fourth quarter worth approximately $218,000. Finally, Tidal Investments LLC acquired a new position in Northern Dynasty Minerals in the fourth quarter worth approximately $143,000. Institutional investors own 10.55% of the company’s stock.

Analysts Set New Price Targets

NAK has been the topic of a number of research analyst reports. HC Wainwright reissued a “buy” rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd. Finally, StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a research note on Friday, December 27th. They set a “sell” rating on the stock.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in 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, the United States.