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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM was the recipient of unusually large options trading on Monday. Traders purchased 4,510 call options on the stock. This represents an increase of approximately 332% compared to the average volume of 1,045 call options.

Analyst Upgrades and Downgrades

NAK has been the subject of several analyst reports. HC Wainwright raised their price target on shares of Northern Dynasty Minerals from $0.80 to $1.30 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com initiated coverage on Northern Dynasty Minerals in a research report on Thursday. They set a "sell" rating for the company.

Institutional Trading of Northern Dynasty Minerals

Several large investors have recently added to or reduced their stakes in NAK. Invenomic Capital Management LP lifted its holdings in Northern Dynasty Minerals by 145.4% in the third quarter. Invenomic Capital Management LP now owns 6,997,729 shares of the mining company's stock worth $2,320,000 after buying an additional 4,145,767 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Northern Dynasty Minerals by 673.8% during the third quarter. BNP Paribas Financial Markets now owns 1,227,304 shares of the mining company's stock valued at $407,000 after purchasing an additional 1,068,704 shares in the last quarter. Herr Investment Group LLC grew its stake in Northern Dynasty Minerals by 10.7% in the second quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company's stock worth $3,204,000 after purchasing an additional 999,891 shares during the period. Cadinha & Co. LLC raised its holdings in Northern Dynasty Minerals by 40.0% in the third quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company's stock worth $464,000 after purchasing an additional 400,000 shares in the last quarter. Finally, GAM Holding AG lifted its position in Northern Dynasty Minerals by 56.3% during the second quarter. GAM Holding AG now owns 500,000 shares of the mining company's stock valued at $155,000 after buying an additional 180,000 shares during the period. Institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Stock Down 2.7 %

Northern Dynasty Minerals stock traded down $0.01 during trading hours on Monday, reaching $0.50. The stock had a trading volume of 1,658,902 shares, compared to its average volume of 1,702,588. Northern Dynasty Minerals has a 52 week low of $0.23 and a 52 week high of $0.58. The firm has a market cap of $271.39 million, a PE ratio of -12.62 and a beta of 0.55.

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.