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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of unusually large options trading on Monday. Stock traders purchased 6,490 call options on the company. This is an increase of approximately 140% compared to the typical daily volume of 2,703 call options.

Northern Dynasty Minerals Price Performance

NAK traded up $0.35 during trading hours on Monday, reaching $1.25. 6,828,985 shares of the company’s stock traded hands, compared to its average volume of 2,345,627. The company’s 50-day moving average price is $0.68. Northern Dynasty Minerals has a 52-week low of $0.27 and a 52-week high of $1.25. The firm has a market capitalization of $669.85 million, a price-to-earnings ratio of -28.90 and a beta of 0.51.

Hedge Funds Weigh In On Northern Dynasty Minerals

Large investors have recently bought and sold shares of the business. Invenomic Capital Management LP lifted its holdings in shares of 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 worth $2,320,000 after buying an additional 4,145,767 shares during the period. Dauntless Investment Group LLC purchased a new stake in shares of Northern Dynasty Minerals in the 4th quarter worth $1,233,000. BNP Paribas Financial Markets lifted its holdings in shares of Northern Dynasty Minerals by 164.8% in the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company’s stock worth $1,890,000 after buying an additional 2,022,304 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth $218,000. Finally, Tidal Investments LLC purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth $143,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd. StockNews.com assumed coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They set a “sell” rating for the company. Finally, HC Wainwright restated a “buy” rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th.

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.