Northern Dynasty Minerals Target of Unusually Large Options Trading (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw some unusual options trading on Tuesday. Investors acquired 2,888 call options on the company. This represents an increase of approximately 67% compared to the typical daily volume of 1,733 call options.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com began coverage on shares of Northern Dynasty Minerals in a research report on Friday, December 27th. They set a “sell” rating on the stock. HC Wainwright upped their price target 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. Finally, Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd.

Hedge Funds Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently bought and sold shares of the company. RFG Advisory LLC acquired a new stake in shares of Northern Dynasty Minerals during the 4th quarter worth approximately $31,000. Stifel Financial Corp grew its position in Northern Dynasty Minerals by 71.8% in the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company’s stock worth $31,000 after acquiring an additional 39,500 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Northern Dynasty Minerals during the third quarter worth $33,000. XTX Topco Ltd raised its position in Northern Dynasty Minerals by 104.4% in the third 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 during the period. Finally, Smith Anglin Financial LLC lifted its stake in shares of Northern Dynasty Minerals by 61.5% in the 3rd quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after purchasing an additional 40,000 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Northern Dynasty Minerals Stock Performance

Shares of NAK stock opened at $0.67 on Tuesday. Northern Dynasty Minerals has a twelve month low of $0.23 and a twelve month high of $0.75. The stock has a market cap of $358.17 million, a PE ratio of -16.73 and a beta of 0.51.

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.