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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM saw some unusual options trading on Tuesday. Investors purchased 8,274 call options on the company. This represents an increase of approximately 89% compared to the average volume of 4,380 call options.

Analyst Ratings Changes

Several research analysts have commented on NAK shares. Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. HC Wainwright reaffirmed a "buy" rating and set a $1.30 price objective on shares of Northern Dynasty Minerals in a research report on Tuesday, February 4th.

Institutional Investors Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp increased its holdings in Northern Dynasty Minerals by 71.8% in the 3rd quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock valued at $31,000 after acquiring an additional 39,500 shares during the last quarter. Virtu Financial LLC purchased a new position in Northern Dynasty Minerals during the 3rd quarter valued at approximately $60,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Northern Dynasty Minerals during the 3rd quarter worth approximately $33,000. Smith Anglin Financial LLC boosted its position in shares of Northern Dynasty Minerals by 19.0% during the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company's stock valued at $73,000 after acquiring an additional 20,000 shares during the last quarter. Finally, RFG Advisory LLC purchased a new position in shares of Northern Dynasty Minerals in the fourth quarter valued at $31,000. 10.55% of the stock is owned by institutional investors.

Northern Dynasty Minerals Stock Performance

Shares of NYSEAMERICAN NAK traded up $0.02 during trading on Friday, hitting $1.09. The company had a trading volume of 1,484,502 shares, compared to its average volume of 3,228,596. The stock has a 50 day simple moving average of $0.90 and a 200 day simple moving average of $0.64. The firm has a market capitalization of $583.76 million, a P/E ratio of -27.13 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.

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.