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

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Game Plan Financial Advisors LLC boosted its position in 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 worth $45,000 after purchasing an additional 18,000 shares in the last quarter. Smith Anglin Financial LLC boosted its position in Northern Dynasty Minerals by 19.0% during the fourth quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company’s stock worth $73,000 after purchasing an additional 20,000 shares in the last quarter. Stifel Financial Corp boosted its position in 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 purchasing an additional 39,500 shares in the last quarter. Allegheny Financial Group purchased a new position in Northern Dynasty Minerals during the fourth quarter worth approximately $30,000. Finally, XTX Topco Ltd boosted its position in Northern Dynasty Minerals by 104.4% during the third quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after purchasing an additional 52,346 shares in the last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

Northern Dynasty Minerals Trading Up 39.6 %

Shares of NAK stock traded up $0.35 during mid-day trading on Monday, reaching $1.25. The stock had a trading volume of 6,828,985 shares, compared to its average volume of 2,345,627. The business has a fifty day moving average of $0.68. The company has a market cap of $669.85 million, a price-to-earnings ratio of -28.90 and a beta of 0.51. Northern Dynasty Minerals has a 1-year low of $0.27 and a 1-year high of $1.25.

Wall Street Analysts Forecast Growth

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

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.