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Stock Traders Buy High Volume of Northern Dynasty Minerals Call Options (NYSEAMERICAN:NAK)

Northern Dynasty Minerals logo with Basic Materials background

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM was the recipient of unusually large options trading activity on Tuesday. Traders bought 8,274 call options on the stock. This represents an increase of approximately 89% compared to the average daily volume of 4,380 call options.

Institutional Investors Weigh In On Northern Dynasty Minerals

A number of institutional investors have recently added to or reduced their stakes in NAK. Stifel Financial Corp raised its holdings in shares of Northern Dynasty Minerals by 71.8% in the 3rd 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. Virtu Financial LLC acquired a new position in Northern Dynasty Minerals in the third quarter worth approximately $60,000. Dauntless Investment Group LLC bought a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at $1,233,000. Wells Fargo & Company MN increased its holdings in shares of Northern Dynasty Minerals by 8.4% in the fourth 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 in the last quarter. Finally, Game Plan Financial Advisors LLC lifted its position in shares of Northern Dynasty Minerals by 29.5% during the 4th quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock valued at $45,000 after acquiring an additional 18,000 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 traded down $0.01 during midday trading on Friday, reaching $1.06. 3,893,524 shares of the company were exchanged, compared to its average volume of 3,258,621. The company's 50 day moving average price is $0.91 and its two-hundred day moving average price is $0.64. The company has a market cap of $570.31 million, a P/E ratio of -26.50 and a beta of 0.51. Northern Dynasty Minerals has a 12 month low of $0.27 and a 12 month high of $1.29.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a "buy" rating and issued a $1.30 price target on shares of Northern Dynasty Minerals in a research note on Tuesday, February 4th.

Read Our Latest Research Report on NAK

About Northern Dynasty Minerals

(Get Free Report)

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.

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