Stock Traders Buy Large Volume of Call Options on Northern Dynasty Minerals (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw some unusual options trading activity on Monday. Traders bought 6,490 call options on the company. This is an increase of 140% compared to the average daily volume of 2,703 call options.

Analyst Ratings Changes

Several brokerages have issued reports 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 raised Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. Finally, HC Wainwright restated a “buy” rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

Institutional Trading of Northern Dynasty Minerals

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invenomic Capital Management LP grew its stake in Northern Dynasty Minerals by 145.4% in the 3rd quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company’s stock valued at $2,320,000 after buying an additional 4,145,767 shares during the last quarter. Dauntless Investment Group LLC bought a new stake in Northern Dynasty Minerals during the fourth quarter valued at about $1,233,000. BNP Paribas Financial Markets grew its position in shares of Northern Dynasty Minerals by 164.8% in the fourth quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock valued at $1,890,000 after purchasing an additional 2,022,304 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Northern Dynasty Minerals in the fourth quarter worth about $218,000. Finally, Tidal Investments LLC acquired a new position in shares of Northern Dynasty Minerals during the 4th quarter worth about $143,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Northern Dynasty Minerals Stock Performance

NAK stock opened at $1.16 on Tuesday. The firm has a market cap of $624.11 million, a price-to-earnings ratio of -29.00 and a beta of 0.51. Northern Dynasty Minerals has a 1 year low of $0.27 and a 1 year high of $1.28. The firm has a fifty day simple moving average of $0.69.

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.