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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the recipient of unusually large options trading on Monday. Stock investors purchased 6,490 call options on the stock. This represents an increase of 140% compared to the typical volume of 2,703 call options.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allegheny Financial Group purchased a new position in Northern Dynasty Minerals in the 4th quarter valued at about $30,000. Stifel Financial Corp boosted its holdings in Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after purchasing an additional 39,500 shares during the last quarter. RFG Advisory LLC purchased a new position in Northern Dynasty Minerals in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Northern Dynasty Minerals during the 3rd quarter valued at approximately $33,000. Finally, XTX Topco Ltd increased its holdings 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. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Stock Performance

Shares of NAK opened at $1.19 on Wednesday. Northern Dynasty Minerals has a 12 month low of $0.27 and a 12 month high of $1.29. The stock’s 50-day moving average is $0.70. The firm has a market capitalization of $640.26 million, a PE ratio of -29.75 and a beta of 0.51.

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.