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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of some unusual options trading activity on Monday. Investors acquired 6,368 call options on the company. This is an increase of approximately 165% compared to the average daily volume of 2,401 call options.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. HC Wainwright restated a “buy” rating and issued a $1.30 target price 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.

Northern Dynasty Minerals Stock Performance

NYSEAMERICAN NAK traded down $0.03 on Monday, reaching $0.63. The company had a trading volume of 1,579,318 shares, compared to its average volume of 4,410,106. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.78. The company has a market cap of $336.27 million, a P/E ratio of -15.55 and a beta of 0.51.

Institutional Trading of Northern Dynasty Minerals

A number of large investors have recently made changes to their positions in NAK. Allegheny Financial Group purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter worth about $30,000. Stifel Financial Corp boosted its stake in shares of 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 period. RFG Advisory LLC purchased a new position in shares of Northern Dynasty Minerals during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Northern Dynasty Minerals during the 3rd quarter worth about $33,000. Finally, XTX Topco Ltd boosted its stake in shares of 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 period. 10.55% of the stock is currently owned by institutional investors.

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.