Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) to Post FY2024 Earnings of ($0.03) Per Share, HC Wainwright Forecasts

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) – Stock analysts at HC Wainwright issued their FY2024 EPS estimates for Northern Dynasty Minerals in a research report issued to clients and investors on Wednesday, July 3rd. HC Wainwright analyst H. Ihle expects that the mining company will earn ($0.03) per share for the year. HC Wainwright currently has a “Buy” rating and a $0.80 target price on the stock. The consensus estimate for Northern Dynasty Minerals’ current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for Northern Dynasty Minerals’ FY2025 earnings at ($0.03) EPS.

Northern Dynasty Minerals Price Performance

Shares of NAK opened at $0.32 on Monday. Northern Dynasty Minerals has a one year low of $0.23 and a one year high of $0.43. The stock has a market capitalization of $170.73 million, a PE ratio of -7.94 and a beta of 0.60.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its earnings results on Wednesday, May 15th. The mining company reported ($0.01) earnings per share for the quarter.

Institutional Trading of Northern Dynasty Minerals

Hedge funds have recently modified their holdings of the stock. Integrated Advisors Network LLC raised its stake in Northern Dynasty Minerals by 73.3% in the 4th quarter. Integrated Advisors Network LLC now owns 130,000 shares of the mining company’s stock worth $42,000 after purchasing an additional 55,000 shares in the last quarter. GAM Holding AG acquired a new stake in Northern Dynasty Minerals in the 4th quarter worth about $103,000. Invenomic Capital Management LP acquired a new stake in Northern Dynasty Minerals in the 4th quarter worth about $947,000. Russell Investments Group Ltd. raised its stake in Northern Dynasty Minerals by 1.3% in the 1st quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock worth $2,356,000 after purchasing an additional 94,095 shares in the last quarter. Finally, Herr Investment Group LLC acquired a new stake in Northern Dynasty Minerals in the 1st quarter worth about $2,986,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

About Northern Dynasty Minerals

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.