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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw unusually large options trading activity on Monday. Investors acquired 6,490 call options on the stock. This is an increase of 140% compared to the average daily volume of 2,703 call options.

Northern Dynasty Minerals Trading Up 2.6 %

Northern Dynasty Minerals stock opened at $1.19 on Wednesday. Northern Dynasty Minerals has a 12 month low of $0.27 and a 12 month high of $1.29. The stock has a fifty day simple moving average of $0.70. The firm has a market capitalization of $640.26 million, a P/E ratio of -29.75 and a beta of 0.51.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allegheny Financial Group acquired a new position in Northern Dynasty Minerals during the 4th quarter valued at approximately $30,000. RFG Advisory LLC bought a new stake in Northern Dynasty Minerals in the fourth quarter valued at $31,000. Squarepoint Ops LLC bought a new stake in Northern Dynasty Minerals in the fourth quarter valued at $44,000. Game Plan Financial Advisors LLC boosted its holdings in shares of Northern Dynasty Minerals by 29.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company’s stock valued at $45,000 after acquiring an additional 18,000 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Northern Dynasty Minerals by 71.8% during 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 last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

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.