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

Northern Dynasty Minerals Ltd (NASDAQ:NAK) was the recipient of unusually large options trading activity on Friday. Stock traders bought 48,214 call options on the company. This is an increase of 146% compared to the typical volume of 19,639 call options.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Stratos Wealth Advisors LLC boosted its stake 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 in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in Northern Dynasty Minerals during the 3rd quarter worth $72,000. RFG Advisory LLC increased its holdings in Northern Dynasty Minerals by 109.6% in the 3rd quarter. RFG Advisory LLC now owns 202,990 shares of the company’s stock worth $244,000 after purchasing an additional 106,121 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Northern Dynasty Minerals by 374.9% in the third quarter. SBI Securities Co. Ltd. now owns 30,467 shares of the company’s stock valued at $37,000 after purchasing an additional 24,051 shares during the last quarter. Finally, PFG Investments LLC boosted its stake in shares of Northern Dynasty Minerals by 91.6% during the third quarter. PFG Investments LLC now owns 21,081 shares of the company’s stock valued at $25,000 after purchasing an additional 10,081 shares in the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.

Northern Dynasty Minerals Stock Performance

Shares of NAK traded down $0.06 during midday trading on Friday, hitting $1.66. The company’s stock had a trading volume of 6,618,216 shares, compared to its average volume of 10,778,577. Northern Dynasty Minerals has a one year low of $0.43 and a one year high of $2.98. The firm has a market cap of $917.76 million, a price-to-earnings ratio of -15.12 and a beta of -0.60.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $2.50 target price on shares of Northern Dynasty Minerals in a report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Northern Dynasty Minerals presently has an average rating of “Buy” and an average price target of $2.50.

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-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.