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

Northern Dynasty Minerals Ltd (NASDAQ:NAK) was the target of unusually large options trading on Wednesday. Stock traders acquired 25,551 call options on the company. This represents an increase of 40% compared to the typical volume of 18,209 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NAK. GAM Holding AG boosted its stake in shares of Northern Dynasty Minerals by 23.9% in the 3rd quarter. GAM Holding AG now owns 3,469,100 shares of the company’s stock valued at $4,163,000 after buying an additional 669,100 shares during the period. Range Financial Group LLC lifted its stake in Northern Dynasty Minerals by 400.0% in the third quarter. Range Financial Group LLC now owns 50,000 shares of the company’s stock worth $60,000 after acquiring an additional 40,000 shares during the last quarter. Advance Capital Management Inc. purchased a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at approximately $27,000. Stratos Wealth Advisors LLC increased its position in shares of Northern Dynasty Minerals by 69.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 136,681 shares of the company’s stock valued at $164,000 after purchasing an additional 56,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Northern Dynasty Minerals in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $2.50 price target on shares of Northern Dynasty Minerals in a research report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $2.50.

Northern Dynasty Minerals Trading Down 39.4%

NAK opened at $1.23 on Thursday. The business’s 50-day moving average price is $2.11. Northern Dynasty Minerals has a 12-month low of $0.55 and a 12-month high of $2.98. The firm has a market cap of $688.65 million, a price-to-earnings ratio of -10.25 and a beta of 0.08.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is 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, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage. The company was formerly known as Northern Dynasty Explorations Ltd. and changed its name to Northern Dynasty Minerals Ltd.