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

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.

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.