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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 2,888 call options on the company. This is an increase of approximately 67% compared to the typical volume of 1,733 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. RFG Advisory LLC purchased a new stake in Northern Dynasty Minerals during the fourth quarter worth $31,000. Stifel Financial Corp raised its position 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 worth $31,000 after acquiring an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth about $33,000. XTX Topco Ltd grew its position 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 valued at $34,000 after acquiring an additional 52,346 shares during the period. Finally, Smith Anglin Financial LLC grew its position in shares of Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after acquiring an additional 40,000 shares during the period. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NAK has been the topic of a number of recent research reports. Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd. StockNews.com began coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They set a “sell” rating on the stock. Finally, HC Wainwright raised their target price on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Northern Dynasty Minerals Stock Performance

Shares of NAK stock opened at $0.67 on Tuesday. Northern Dynasty Minerals has a fifty-two week low of $0.23 and a fifty-two week high of $0.75. The stock has a market cap of $358.17 million, a PE ratio of -16.73 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.