In a report released today, Ryan Walker from Echelon Wealth Partners maintained a Buy rating on Canada Nickel Company (CNIKF – Research Report), with a price target of C$6.00. The company’s shares closed last Wednesday at $1.21, close to its 52-week low of $1.01.
According to TipRanks.com, Walker is a 3-star analyst with an average return of 1.8% and a 41.7% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Bunker Hill Mining, Osino Resources, and RosCan Gold.
Canada Nickel Company has an analyst consensus of Moderate Buy, with a price target consensus of $4.66.
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The company has a one-year high of $3.19 and a one-year low of $1.01. Currently, Canada Nickel Company has an average volume of 52.91K.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNIKF in relation to earlier this year.
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Canada Nickel Co Inc is engaged in acquiring and exploring nickel-cobalt sulphide assets. The company holds an interest in the Crawford Nickel Cobalt Sulphide Project.
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