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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw some unusual options trading activity on Monday. Stock traders purchased 6,368 call options on the stock. This is an increase of 165% compared to the typical volume of 2,401 call options.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN:NAK traded down $0.03 during trading hours on Monday, hitting $0.63. The company’s stock had a trading volume of 1,579,318 shares, compared to its average volume of 4,410,106. The firm has a market cap of $336.27 million, a P/E ratio of -15.55 and a beta of 0.51. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.78.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Northern Dynasty Minerals by 673.8% during the 3rd 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 in the last quarter. Invenomic Capital Management LP increased its stake 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 purchasing an additional 4,145,767 shares in the last quarter. Stifel Financial Corp increased its stake in Northern Dynasty Minerals by 71.8% during the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock valued at $31,000 after purchasing an additional 39,500 shares in the last quarter. XTX Topco Ltd increased its stake in Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock valued at $34,000 after purchasing an additional 52,346 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Northern Dynasty Minerals during the 3rd quarter valued at approximately $60,000. Institutional investors own 10.55% of the company’s stock.

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.