Stock Traders Purchase Large Volume of Northern Dynasty Minerals Call Options (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM saw unusually large options trading on Tuesday. Stock investors purchased 2,888 call options on the company. This represents an increase of 67% compared to the average volume of 1,733 call options.

Hedge Funds Weigh In On Northern Dynasty Minerals

A number of hedge funds have recently added to or reduced their stakes in the stock. Invenomic Capital Management LP lifted its position in shares of 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 buying an additional 4,145,767 shares during the last quarter. Cadinha & Co. LLC grew 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 during the last quarter. BNP Paribas Financial Markets increased 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 worth $407,000 after purchasing an additional 1,068,704 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Northern Dynasty Minerals during the 3rd quarter valued at $60,000. Finally, Smith Anglin Financial LLC raised its position in shares of Northern Dynasty Minerals by 19.0% in the 4th quarter. Smith Anglin Financial LLC now owns 125,000 shares of the mining company's stock valued at $73,000 after purchasing an additional 20,000 shares during the last quarter. 10.55% of the stock is currently owned by institutional investors.

Northern Dynasty Minerals Price Performance

Shares of NAK traded up $0.04 during mid-day trading on Tuesday, hitting $0.67. 9,591,962 shares of the stock were exchanged, compared to its average volume of 5,625,267. Northern Dynasty Minerals has a 52-week low of $0.23 and a 52-week high of $0.75. The stock has a market capitalization of $361.56 million, a price-to-earnings ratio of -16.81 and a beta of 0.51.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NAK shares. HC Wainwright boosted their target price on Northern Dynasty Minerals from $0.80 to $1.30 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. Finally, StockNews.com began coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They set a "sell" rating for the company.

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.