Northern Dynasty Minerals Experiences Significant Options Trading Activity

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK - Get Free Report) (TSE:NDM) witnessed a notable increase in options trading on Monday. Traders purchased a total of 6,490 call options, representing a surge of around 140% from the average daily volume of 2,703 call options.

Northern Dynasty Minerals Stock Performance

During the trading session on Monday, shares of Northern Dynasty Minerals rose by $0.35, bringing the stock price to $1.25. The trading volume was also significant, with 6,828,985 shares exchanged, well above its average volume of 2,345,627. The company has a 50-day moving average price of $0.68 and has recorded a 52-week low of $0.27 and a high of $1.25. Northern Dynasty Minerals has a market capitalization of approximately $669.85 million, a price-to-earnings ratio of -28.90, and a beta value of 0.51.

Institutional Investor Activity in Northern Dynasty Minerals

Recent trading activities among large investors indicate growing interest in Northern Dynasty Minerals. For instance, Invenomic Capital Management LP increased its stake in the company by 145.4% during the third quarter, now owning 6,997,729 shares valued at $2,320,000, following the acquisition of an additional 4,145,767 shares. Similarly, Dauntless Investment Group LLC made a new investment in Northern Dynasty Minerals in the fourth quarter worth $1,233,000. BNP Paribas Financial Markets has also raised its stake by 164.8%, owning 3,249,608 shares valued at $1,890,000 after purchasing 2,022,304 additional shares during the same time frame. Other investors include Two Sigma Investments LP and Tidal Investments LLC, who both acquired new stakes in the fourth quarter, valued at $218,000 and $143,000, respectively. Overall, institutional investors control about 10.55% of Northern Dynasty Minerals.

Recent Analyst Ratings for Northern Dynasty Minerals

Several market analysts have recently issued their opinions on Northern Dynasty Minerals. Canaccord Genuity Group upgraded the company to a "strong-buy" rating in a report released on January 2nd. On the other hand, StockNews.com initiated coverage with a "sell" rating. Additionally, HC Wainwright reaffirmed a "buy" rating and set a price target of $1.30 on the company's shares in their report published on February 4th.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. focuses on the exploration of mineral properties in the United States. The firm holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project, which comprises 1,840 mineral claims spanning approximately 274 square miles located in southwest Alaska.

Investor Considerations

If considering an investment in Northern Dynasty Minerals, analysts recommend researching further into other top-rated stocks. While the company currently holds a Strong Buy rating, some analysts suggest that there might be better investment opportunities available.

Options, Trading, Stocks