Investors Purchase Large Volume of Call Options on Northern Dynasty Minerals (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of unusually large options trading on Monday. Stock traders bought 4,510 call options on the stock. This represents an increase of approximately 332% compared to the typical volume of 1,045 call options.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN:NAK opened at $0.52 on Wednesday. The company has a market cap of $276.93 million, a PE ratio of -12.88 and a beta of 0.55. Northern Dynasty Minerals has a 12 month low of $0.23 and a 12 month high of $0.58.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. HC Wainwright lifted their price target on Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com initiated coverage on Northern Dynasty Minerals in a report on Thursday, December 19th. They issued a “sell” rating for the company.

Institutional Trading of Northern Dynasty Minerals

A number of institutional investors have recently bought and sold shares of the company. Herr Investment Group LLC grew its position in shares of Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after purchasing an additional 999,891 shares during the last quarter. Invenomic Capital Management LP grew its holdings in Northern Dynasty Minerals by 145.4% during 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. Cadinha & Co. LLC increased its position in Northern Dynasty Minerals by 40.0% during the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock worth $464,000 after buying an additional 400,000 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Northern Dynasty Minerals by 673.8% in the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company’s stock worth $407,000 after acquiring an additional 1,068,704 shares during the last quarter. Finally, GAM Holding AG lifted its position in shares of Northern Dynasty Minerals by 56.3% in the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock valued at $155,000 after acquiring an additional 180,000 shares in the last quarter. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

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.