Northern Dynasty Minerals (NAK) to Release Earnings on Monday

Key Points

• Northern Dynasty Minerals (NAK) will report quarterly results after the close on Monday, May 11; analysts expect an EPS of ($0.0072) and revenue of $0.247 million.
• NAK shares traded at $2.02 midday, down $0.04, with volume of ~1.99M versus an average of 10.36M; the stock has a 52‑week range of $0.73–$2.98, a market cap of about $1.13B and a negative P/E of -13.5.
• Several hedge funds—including Millennium, MIRAE ASSET, Wexford, Two Sigma and GAM—significantly increased stakes recently, leaving institutional investors owning roughly 10.55% of the company.

Northern Dynasty Minerals (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM is expected to be announcing its results after the market closes on Monday, May 11th. Analysts expect the company to announce earnings of ($0.0072) per share and revenue of $0.2470 million for the quarter.

Northern Dynasty Minerals Price Performance

Shares of NAK stock traded down $0.04 during mid-day trading on Monday, hitting $2.02. 1,994,272 shares of the stock traded hands, compared to its average volume of 10,363,714. Northern Dynasty Minerals has a 52-week low of $0.73 and a 52-week high of $2.98. The stock's fifty day moving average is $1.57 and its two-hundred day moving average is $1.84. The stock has a market cap of $1.13 billion, a P/E ratio of -13.50 and a beta of 0.60.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in NAK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Northern Dynasty Minerals by 11.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,088,681 shares of the mining company's stock worth $17,110,000 after purchasing an additional 1,442,764 shares during the last quarter. Millennium Management LLC increased its position in Northern Dynasty Minerals by 203.3% during the fourth quarter. Millennium Management LLC now owns 13,364,357 shares of the mining company's stock worth $26,318,000 after buying an additional 8,957,529 shares during the period. GAM Holding AG increased its holdings in shares of Northern Dynasty Minerals by 4.5% in the fourth quarter. GAM Holding AG now owns 3,626,000 shares of the mining company's stock valued at $7,143,000 after purchasing an additional 156,900 shares during the period. Wexford Capital LP grew its holdings in Northern Dynasty Minerals by 423.8% during the third quarter. Wexford Capital LP now owns 2,978,971 shares of the mining company's stock worth $3,575,000 after acquiring an additional 2,410,269 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Northern Dynasty Minerals by 306.7% in the third quarter. Two Sigma Investments LP now owns 2,218,984 shares of the mining company's stock valued at $2,663,000 after purchasing an additional 1,673,333 shares during the last quarter. Hedge funds and other institutional investors own 10.55% of the company's stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company's flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.

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