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


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Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) was the target of some unusual options trading on Wednesday. Investors acquired 12,568 call options on the stock. This is an increase of approximately 60% compared to the average daily volume of 7,855 call options.

Shares of NYSEAMERICAN:NAK traded up $0.11 during trading on Wednesday, hitting $0.60. 108,305,258 shares of the stock were exchanged, compared to its average volume of 51,612,109. Northern Dynasty Minerals has a 1-year low of $0.31 and a 1-year high of $2.49. The company has a fifty day moving average price of $0.44.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its quarterly earnings results on Monday, November 16th. The mining company reported ($0.04) EPS for the quarter.

NAK has been the subject of several research reports. Zacks Investment Research cut Northern Dynasty Minerals from a “hold” rating to a “sell” rating in a research note on Thursday, November 26th. TD Securities decreased their price target on Northern Dynasty Minerals from $1.70 to $1.15 and set a “hold” rating for the company in a research report on Monday, November 9th. Finally, HC Wainwright decreased their price objective on Northern Dynasty Minerals to $3.25 and set a “buy” rating for the company in a research report on Friday, December 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $1.61.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kopernik Global Investors LLC raised its position in Northern Dynasty Minerals by 47.8% in the 3rd quarter. Kopernik Global Investors LLC now owns 21,591,412 shares of the mining company’s stock valued at $21,168,000 after purchasing an additional 6,985,536 shares during the last quarter. Sei Investments Co. raised its position in Northern Dynasty Minerals by 49.6% in the 3rd quarter. Sei Investments Co. now owns 1,418,999 shares of the mining company’s stock valued at $1,391,000 after purchasing an additional 470,541 shares during the last quarter. Virtu Financial LLC raised its position in Northern Dynasty Minerals by 178.5% in the 3rd quarter. Virtu Financial LLC now owns 580,227 shares of the mining company’s stock valued at $569,000 after purchasing an additional 371,877 shares during the last quarter. Shepherd Kaplan Krochuk LLC raised its position in Northern Dynasty Minerals by 3.5% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 465,800 shares of the mining company’s stock valued at $457,000 after purchasing an additional 15,800 shares during the last quarter. Finally, TD Asset Management Inc. bought a new position in Northern Dynasty Minerals in the 3rd quarter valued at $364,000.

About Northern Dynasty Minerals

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 project comprising 2,402 mineral claims that covers an area of approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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