The EPS of Northern Dynasty Minerals (NAK) remained stagnant in Q1 2024 due to a combination of factors related to the company's financial performance and external market conditions1:
- Financial Performance: The diluted EPS for NAK in Q1 2024 was -$0.011. This negative value suggests that the company had a loss per share during the quarter, which could be due to operational losses or other financial factors.
- Market Conditions: The company has been involved in legal challenges regarding the Pebble mine in Alaska. The U.S. Supreme Court's rejection of Alaska's request to revisit the federal veto of the proposed mine could have had an impact on the company's financial performance. While the Supreme Court's decision led to a bounce in NAK's stock price, as seen in early trading on January 9, 202423, the ongoing legal challenges and potential delays in project approvals can create uncertainty and affect the company's financial results.
In conclusion, the combination of financial losses and the impact of legal challenges likely contributed to NAK's stagnant EPS in Q1 2024.
NAK Diluted EPS YoY, Diluted EPS
4/6/2025 08:23am
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