Northern Dynasty Minerals (NAK) Projected to Post Earnings on Thursday

Key Points

• Northern Dynasty Minerals is set to release its earnings results before the market opens on Thursday, November 13th, with analysts projecting a loss of ($0.01) per share for the quarter.
• The company's current market capitalization stands at $998.76 million with shares opening at $1.81, showing significant volatility with a 52-week range between $0.43 and $2.98.
• Institutional investors hold 10.55% of Northern Dynasty Minerals' stock, with notable stake increases from firms like Cetera Investment Advisers and American Century Companies Inc.

Northern Dynasty Minerals (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM is expected to release its results before the market opens on Thursday, November 13th. Analysts expect Northern Dynasty Minerals to post earnings of ($0.01) per share for the quarter.

Northern Dynasty Minerals Price Performance

NYSEAMERICAN NAK opened at $1.81 on Thursday. The company has a 50 day simple moving average of $1.45 and a 200-day simple moving average of $1.26. The firm has a market capitalization of $998.76 million, a price-to-earnings ratio of -16.45 and a beta of -0.60. Northern Dynasty Minerals has a 52-week low of $0.43 and a 52-week high of $2.98.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in Northern Dynasty Minerals by 65.0% during the second quarter. Cetera Investment Advisers now owns 46,505 shares of the mining company's stock valued at $62,000 after acquiring an additional 18,315 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Northern Dynasty Minerals during the first quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new position in Northern Dynasty Minerals during the second quarter valued at approximately $31,000. Marex Group plc bought a new position in Northern Dynasty Minerals during the second quarter valued at approximately $43,000. Finally, American Century Companies Inc. bought a new position in Northern Dynasty Minerals during the second quarter valued at approximately $68,000. Institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in 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, the United States.

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