Northern Dynasty Minerals Target of Unusually High Options Trading (NYSEAMERICAN:NAK)

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 17,179 call options on the stock. This is an increase of 119% compared to the typical volume of 7,841 call options.

Analyst Upgrades and Downgrades

A number of research firms have commented on NAK. HC Wainwright raised their target price on Northern Dynasty Minerals from $1.30 to $2.50 and gave the company a “buy” rating in a report on Monday, July 7th. Wall Street Zen upgraded Northern Dynasty Minerals to a “sell” rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Price Performance

NYSEAMERICAN NAK opened at $1.63 on Friday. The business’s 50-day simple moving average is $1.35 and its 200-day simple moving average is $0.93. The firm has a market capitalization of $879.21 million, a P/E ratio of -16.30 and a beta of -0.69. Northern Dynasty Minerals has a 1-year low of $0.30 and a 1-year high of $2.40.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several institutional investors and hedge funds have recently made changes to their positions in NAK. Cubist Systematic Strategies LLC acquired a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC increased its position in Northern Dynasty Minerals by 37.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock worth $26,000 after buying an additional 5,000 shares during the period. Allworth Financial LP acquired a new stake in Northern Dynasty Minerals in the first quarter worth $28,000. Allium Financial Advisors LLC acquired a new stake in Northern Dynasty Minerals in the first quarter worth $29,000. Finally, Allegheny Financial Group acquired a new stake in Northern Dynasty Minerals in the fourth quarter worth $30,000. 10.55% of the stock is owned by institutional investors and hedge funds.

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.