Traders Buy Large Volume of Northern Dynasty Minerals Call Options (NASDAQ:NAK)

Northern Dynasty Minerals Ltd (NASDAQ:NAK) was the recipient of some unusual options trading activity on Monday. Stock traders bought 32,271 call options on the stock. This represents an increase of 68% compared to the average daily volume of 19,163 call options.

Northern Dynasty Minerals Stock Up 4.6%

NASDAQ:NAK opened at $2.51 on Wednesday. The stock’s 50-day simple moving average is $2.03. Northern Dynasty Minerals has a 52 week low of $0.55 and a 52 week high of $2.98. The company has a market cap of $1.40 billion, a P/E ratio of -20.92 and a beta of -0.06.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 target price on shares of Northern Dynasty Minerals in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Northern Dynasty Minerals presently has an average rating of “Buy” and an average target price of $2.50.

Institutional Investors Weigh In On Northern Dynasty Minerals

Institutional investors have recently added to or reduced their stakes in the stock. GAM Holding AG boosted its position in Northern Dynasty Minerals by 23.9% in the third 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 in the last quarter. Range Financial Group LLC raised its stake in shares of Northern Dynasty Minerals by 400.0% in the third quarter. Range Financial Group LLC now owns 50,000 shares of the company’s stock valued at $60,000 after acquiring an additional 40,000 shares during the last quarter. Advance Capital Management Inc. acquired a new position in shares of Northern Dynasty Minerals in the 3rd quarter worth approximately $27,000. RFG Advisory LLC grew its position in Northern Dynasty Minerals by 109.6% during the 3rd quarter. RFG Advisory LLC now owns 202,990 shares of the company’s stock worth $244,000 after acquiring an additional 106,121 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in Northern Dynasty Minerals by 69.4% during 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 in the last quarter. 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. 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.