NAK Basic Materials

Northern Dynasty Minerals Ltd.

$0.70+1.45%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: Canada
Market cap: 393.5M USD
Enterprise value: 358.7M USD

Overall health

Not enough data: too little is reported yet for an overall view

Only 2 of 4 categories have enough reported data; an overall score needs at least 3.

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 57% from December 2022 to December 2025.
Northern Dynasty Minerals had 57% fewer shares at December 2025 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Not profitable yet. Reported a loss in the 12 months to December 2025.
Northern Dynasty Minerals reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

StockQuotient Score

—

Valuation

Is the price right?

8/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-18.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield-5.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-4.2%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · CAD→USD converted · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield3.2%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Operating profit now covers interest only 0.0x

Why

Mixed versus peers:

▲ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.59

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.38Sector median: 0.6950 · MAD: 0.2810

Current ratio0.55×

SEC filings (IFRS mapped) · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.73Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.30×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.19Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Northern Dynasty Minerals

Is Northern Dynasty Minerals getting weaker?: Its latest SEC filing (Sep 15, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating profit now covers interest only 0.0x.
How is Northern Dynasty Minerals valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -18.9% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -18.9% vs peers 3.6% (weaker than 100% of peers).
Is Northern Dynasty Minerals growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Northern Dynasty Minerals?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How risky is Northern Dynasty Minerals?: Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Beta 0.59 vs a peer median of 0.69 (stronger than 61% of peers).Beta 0.59 vs peers 0.69 (stronger than 61% of peers). Current ratio 0.55× vs a peer median of 1.76× (weaker than 100% of peers).Current ratio 0.55× vs peers 1.76× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Sep 15, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Turned to a loss over the last 12 months
Operating profit now covers interest only 0.0x

	Previous year	Latest year	Change
Net income (12 months)	36.1M CAD	−104.4M CAD	turned negative
Cash	16.1M CAD	54.7M CAD	+239.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	19.8%	16.8%	14.6%	-26.4%	-86.3%	▼ 60 pts
Return on equity (ROE)	20.3%	17.1%	17.0%	-37.2%	-588.7%	▼ 552 pts
Current ratio	9.97×	8.13×	1.04×	0.46×	0.55×	▲ 21%
Interest coverage	466.04×	367.25×	406.31×	-282.12×	-327.10×	▼ 16%

NAK price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Worth knowing

Share count shrinking. Shares outstanding down 57% from December 2022 to December 2025.

Northern Dynasty Minerals had 57% fewer shares at December 2025 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Not profitable yet. Reported a loss in the 12 months to December 2025.

Northern Dynasty Minerals reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Questions investors ask about Northern Dynasty Minerals

Is Northern Dynasty Minerals getting weaker?

Its latest SEC filing (Sep 15, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating profit now covers interest only 0.0x.

How is Northern Dynasty Minerals valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -18.9% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -18.9% vs peers 3.6% (weaker than 100% of peers).

Is Northern Dynasty Minerals growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Northern Dynasty Minerals?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How risky is Northern Dynasty Minerals?

Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Beta 0.59 vs a peer median of 0.69 (stronger than 61% of peers).Beta 0.59 vs peers 0.69 (stronger than 61% of peers). Current ratio 0.55× vs a peer median of 1.76× (weaker than 100% of peers).Current ratio 0.55× vs peers 1.76× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Net income (12 months)

36.1M CAD

−104.4M CAD

turned negative

Cash

16.1M CAD

54.7M CAD

+239.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

19.8%

16.8%

14.6%

-26.4%

-86.3%

▼ 60 pts

Return on equity (ROE)

20.3%

17.1%

17.0%

-37.2%

-588.7%

▼ 552 pts

Current ratio

9.97×

8.13×

1.04×

0.46×

0.55×

▲ 21%

Interest coverage

466.04×

367.25×

406.31×

-282.12×

-327.10×

▼ 16%