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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw unusually large options trading on Monday. Stock traders acquired 4,510 call options on the company. This is an increase of approximately 332% compared to the average daily volume of 1,045 call options.

Northern Dynasty Minerals Stock Down 0.3 %

NAK stock traded down $0.00 during midday trading on Monday, hitting $0.52. 794,264 shares of the company’s stock were exchanged, compared to its average volume of 1,698,308. Northern Dynasty Minerals has a 1-year low of $0.23 and a 1-year high of $0.58. The stock has a market cap of $278.06 million, a price-to-earnings ratio of -12.93 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com began coverage on shares of Northern Dynasty Minerals in a research report on Thursday. They issued a “sell” rating on the stock. HC Wainwright boosted their price objective on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NAK. Stifel Financial Corp grew its holdings in shares of Northern Dynasty Minerals by 71.8% in the third 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. Wilmington Savings Fund Society FSB acquired a new stake in Northern Dynasty Minerals in the third quarter valued at $33,000. XTX Topco Ltd raised its position in shares of Northern Dynasty Minerals by 104.4% during the 3rd quarter. XTX Topco Ltd now owns 102,500 shares of the mining company’s stock worth $34,000 after acquiring an additional 52,346 shares in the last quarter. Smith Anglin Financial LLC lifted its position in shares of Northern Dynasty Minerals by 61.5% during the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock worth $35,000 after buying an additional 40,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Northern Dynasty Minerals in the third quarter valued at $60,000. 10.55% of the stock is currently owned by institutional investors and hedge funds.

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.