Northern Dynasty Minerals (NYSEAMERICAN:NAK) Posts Quarterly Earnings Results, Hits Estimates

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) issued its earnings results on Tuesday. The mining company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01), MarketWatch Earnings reports.

Northern Dynasty Minerals Stock Performance

NAK opened at $0.35 on Thursday. The company has a market cap of $182.88 million, a P/E ratio of -8.63 and a beta of 1.04. Northern Dynasty Minerals has a 1 year low of $0.21 and a 1 year high of $0.43.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its position in shares of Northern Dynasty Minerals by 113.5% in the 4th quarter. Virtu Financial LLC now owns 114,856 shares of the mining company’s stock worth $25,000 after acquiring an additional 61,047 shares in the last quarter. Jane Street Group LLC purchased a new stake in Northern Dynasty Minerals in the first quarter worth $39,000. GTS Securities LLC purchased a new stake in Northern Dynasty Minerals in the third quarter worth $45,000. Royal Bank of Canada raised its holdings in Northern Dynasty Minerals by 94.8% in the second quarter. Royal Bank of Canada now owns 189,763 shares of the mining company’s stock worth $45,000 after purchasing an additional 92,351 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Northern Dynasty Minerals during the first quarter valued at $49,000. 9.25% of the stock is currently owned by institutional investors.

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.