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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of unusually large options trading on Monday. Traders bought 6,368 call options on the stock. This represents an increase of approximately 165% compared to the typical daily volume of 2,401 call options.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. HC Wainwright restated a “buy” rating and issued a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. StockNews.com assumed coverage on shares of Northern Dynasty Minerals in a report on Friday, December 27th. They issued a “sell” rating on the stock. Finally, Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd.

Institutional Trading of Northern Dynasty Minerals

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of Northern Dynasty Minerals by 673.8% during the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock worth $407,000 after buying an additional 1,068,704 shares in the last quarter. Invenomic Capital Management LP lifted its stake in Northern Dynasty Minerals by 145.4% in the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after acquiring an additional 4,145,767 shares during the last quarter. Stifel Financial Corp grew its holdings 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 acquiring an additional 39,500 shares in the last quarter. XTX Topco Ltd increased its position in shares of Northern Dynasty Minerals by 104.4% in the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after purchasing an additional 52,346 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at $60,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN:NAK opened at $0.61 on Tuesday. The stock has a market cap of $330.46 million, a price-to-earnings ratio of -15.36 and a beta of 0.51. Northern Dynasty Minerals has a 1 year low of $0.23 and a 1 year high of $0.78.

Northern Dynasty Minerals Company Profile

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.