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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw unusually large options trading activity on Tuesday. Stock investors bought 2,888 call options on the company. This represents an increase of approximately 67% compared to the typical daily volume of 1,733 call options.

Institutional Trading of Northern Dynasty Minerals

Institutional investors have recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of 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 buying an additional 39,500 shares during the last quarter. Invenomic Capital Management LP grew its position in Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock worth $2,320,000 after buying an additional 4,145,767 shares during the period. BNP Paribas Financial Markets grew its position in 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 during the period. Cadinha & Co. LLC grew its position in shares of Northern Dynasty Minerals by 40.0% in the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock valued at $464,000 after purchasing an additional 400,000 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Northern Dynasty Minerals in the third quarter valued at approximately $60,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NAK. StockNews.com initiated coverage on shares of Northern Dynasty Minerals in a research note on Friday, December 27th. They set a “sell” rating on the stock. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd. Finally, HC Wainwright increased their target price on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

Northern Dynasty Minerals Stock Up 6.7 %

NAK opened at $0.67 on Wednesday. The company has a market cap of $361.56 million, a price-to-earnings ratio of -16.81 and a beta of 0.51. Northern Dynasty Minerals has a 12-month low of $0.23 and a 12-month high of $0.75.

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.