Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM was the target of unusually large options trading on Tuesday. Investors purchased 2,888 call options on the stock. This is an increase of 67% compared to the typical daily volume of 1,733 call options.
Northern Dynasty Minerals Stock Up 0.8 %
NAK stock traded up $0.01 during midday trading on Wednesday, reaching $0.68. The company's stock had a trading volume of 3,734,717 shares, compared to its average volume of 5,485,318. The firm has a market cap of $364.57 million, a price-to-earnings ratio of -16.95 and a beta of 0.51. Northern Dynasty Minerals has a 1 year low of $0.23 and a 1 year high of $0.75.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on NAK. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. HC Wainwright lifted their target price on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, StockNews.com assumed coverage on Northern Dynasty Minerals in a research note on Friday, December 27th. They issued a "sell" rating for the company.
Read Our Latest Research Report on Northern Dynasty Minerals
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NAK. Invenomic Capital Management LP lifted its position in Northern Dynasty Minerals by 145.4% during the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company's stock valued at $2,320,000 after acquiring an additional 4,145,767 shares during the last quarter. BNP Paribas Financial Markets raised its position in Northern Dynasty Minerals by 673.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock worth $407,000 after buying an additional 1,068,704 shares during the last quarter. Cadinha & Co. LLC lifted its stake in Northern Dynasty Minerals by 40.0% during the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock valued at $464,000 after acquiring an additional 400,000 shares during the period. Virtu Financial LLC purchased a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at $60,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Northern Dynasty Minerals in the third quarter worth $33,000. 10.55% of the stock is currently owned by institutional investors.
About Northern Dynasty Minerals
(
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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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