Northern Dynasty Minerals Sees Unusually Large Options Volume (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw unusually large options trading activity on Monday. Stock traders acquired 6,368 call options on the company. This is an increase of 165% compared to the average daily volume of 2,401 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NAK shares. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd. HC Wainwright reiterated a “buy” rating and issued a $1.30 target price on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Finally, StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They issued a “sell” rating for the company.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN NAK opened at $0.61 on Tuesday. The company has a market cap of $330.46 million, a PE ratio of -15.36 and a beta of 0.51. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.78.

Institutional Investors Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its stake in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after purchasing an additional 39,500 shares during the last quarter. Invenomic Capital Management LP boosted its stake in Northern Dynasty Minerals by 145.4% during the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after purchasing an additional 4,145,767 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Northern Dynasty Minerals by 673.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock worth $407,000 after purchasing an additional 1,068,704 shares during the last quarter. Virtu Financial LLC acquired a new stake in Northern Dynasty Minerals during the 3rd quarter worth $60,000. Finally, XTX Topco Ltd boosted its stake in Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after purchasing an additional 52,346 shares during the last quarter. Institutional investors and hedge funds own 10.55% of the company’s 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.