Northern Dynasty Minerals (NAK) to Release Earnings on Monday

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

Northern Dynasty Minerals Trading Down 1.7%

Shares of Northern Dynasty Minerals stock traded down $0.04 during trading hours on Monday, reaching $2.02. The stock had a trading volume of 1,994,272 shares, compared to its average volume of 10,363,714. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -13.50 and a beta of 0.60. Northern Dynasty Minerals has a 1 year low of $0.73 and a 1 year high of $2.98. The firm has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $1.84.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several hedge funds have recently modified their holdings of NAK. Cubist Systematic Strategies LLC purchased a new stake in shares of Northern Dynasty Minerals during the 1st quarter valued at about $25,000. Kovack Advisors Inc. purchased a new stake in shares of Northern Dynasty Minerals during the 4th quarter valued at about $27,000. Private Advisor Group LLC grew its stake in Northern Dynasty Minerals by 66.7% during the 3rd quarter. Private Advisor Group LLC now owns 25,000 shares of the mining company’s stock valued at $30,000 after purchasing an additional 10,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Northern Dynasty Minerals during the 2nd quarter valued at approximately $31,000. Finally, Lazard Asset Management LLC acquired a new stake in Northern Dynasty Minerals during the 4th quarter valued at approximately $32,000. 10.55% of the stock is currently owned by hedge funds and other institutional investors.

About Northern Dynasty Minerals

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.