Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM was the target of some unusual options trading on Monday. Investors purchased 6,490 call options on the stock. This represents an increase of approximately 140% compared to the typical volume of 2,703 call options.
Northern Dynasty Minerals Stock Up 3.9 %
Shares of NYSEAMERICAN:NAK traded up $0.05 during trading on Friday, hitting $1.21. 5,053,565 shares of the company were exchanged, compared to its average volume of 5,924,788. The company has a 50 day moving average of $0.72. Northern Dynasty Minerals has a 12-month low of $0.27 and a 12-month high of $1.29. The stock has a market capitalization of $648.33 million, a PE ratio of -30.13 and a beta of 0.51.
Wall Street Analysts Forecast Growth
NAK has been the subject of several analyst reports. HC Wainwright reiterated a "buy" rating and set a $1.30 price target on shares of Northern Dynasty Minerals in a report on Tuesday, February 4th. Canaccord Genuity Group raised Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd. Finally, StockNews.com initiated coverage on Northern Dynasty Minerals in a report on Friday, December 27th. They set a "sell" rating for the company.
Read Our Latest Stock Report on NAK
Hedge Funds Weigh In On Northern Dynasty Minerals
Large investors have recently bought and sold shares of the stock. Allegheny Financial Group acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at approximately $30,000. RFG Advisory LLC purchased a new position in Northern Dynasty Minerals during the 4th quarter worth $31,000. Squarepoint Ops LLC acquired a new position in Northern Dynasty Minerals in the fourth quarter valued at $44,000. Game Plan Financial Advisors LLC increased its stake in Northern Dynasty Minerals by 29.5% in the fourth quarter. Game Plan Financial Advisors LLC now owns 79,000 shares of the mining company's stock valued at $45,000 after purchasing an additional 18,000 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Northern Dynasty Minerals by 71.8% during the third quarter. Stifel Financial Corp now owns 94,500 shares of the mining company's stock worth $31,000 after buying an additional 39,500 shares during the period. Institutional investors and hedge funds own 10.55% of the company's stock.
About Northern Dynasty Minerals
(
Get Free Report)
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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