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

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM was the recipient of some unusual options trading activity on Wednesday. Traders purchased 17,179 call options on the company. This represents an increase of 119% compared to the average daily volume of 7,841 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NAK shares. Wall Street Zen raised shares of Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st. HC Wainwright boosted their target price on shares of Northern Dynasty Minerals from $1.30 to $2.50 and gave the stock a "buy" rating in a research report on Monday, July 7th.

Northern Dynasty Minerals Stock Performance

NYSEAMERICAN:NAK traded down $0.59 on Friday, hitting $1.04. 127,657,429 shares of the stock were exchanged, compared to its average volume of 5,892,232. The stock has a market capitalization of $560.97 million, a price-to-earnings ratio of -10.40 and a beta of -0.69. Northern Dynasty Minerals has a 52 week low of $0.30 and a 52 week high of $2.40. The company's 50-day moving average price is $1.35 and its 200 day moving average price is $0.94.

Hedge Funds Weigh In On Northern Dynasty Minerals

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in shares of Northern Dynasty Minerals by 8.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,018,599 shares of the mining company's stock valued at $592,000 after buying an additional 78,554 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Northern Dynasty Minerals by 197.6% in the 4th quarter. XTX Topco Ltd now owns 305,080 shares of the mining company's stock valued at $177,000 after buying an additional 202,580 shares during the last quarter. Dauntless Investment Group LLC acquired a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at approximately $1,233,000. Allegheny Financial Group acquired a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at approximately $30,000. Finally, BNP Paribas Financial Markets lifted its holdings in Northern Dynasty Minerals by 164.8% during the 4th quarter. BNP Paribas Financial Markets now owns 3,249,608 shares of the mining company's stock valued at $1,890,000 after purchasing an additional 2,022,304 shares during the last quarter. 10.55% of the stock is owned by institutional investors.

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.