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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of some unusual options trading activity on Monday. Investors purchased 4,510 call options on the stock. This is an increase of approximately 332% compared to the average volume of 1,045 call options.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Invenomic Capital Management LP raised its stake 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 valued at $2,320,000 after acquiring an additional 4,145,767 shares during the period. BNP Paribas Financial Markets raised its position in 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 valued at $407,000 after purchasing an additional 1,068,704 shares during the period. Herr Investment Group LLC lifted its stake in shares of Northern Dynasty Minerals by 10.7% during the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock worth $3,204,000 after purchasing an additional 999,891 shares in the last quarter. Cadinha & Co. LLC boosted its position in shares of Northern Dynasty Minerals by 40.0% in 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 during the period. Finally, GAM Holding AG grew its stake 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 buying an additional 180,000 shares in the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

Northern Dynasty Minerals Trading Up 2.0 %

NYSEAMERICAN:NAK opened at $0.52 on Wednesday. The company has a market cap of $276.93 million, a price-to-earnings ratio of -12.88 and a beta of 0.55. Northern Dynasty Minerals has a fifty-two week low of $0.23 and a fifty-two week high of $0.58.

Analyst Ratings Changes

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

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.