Morgan Stanley analyst Rahul Anand maintained a Buy rating on Nickel Mines Ltd. (NIC – Research Report) today and set a price target of A$1.10. The company’s shares opened today at A$0.94.
According to TipRanks, Anand is a 5-star analyst with an average return of 9.3% and a 56.00% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Iluka Resources Limited, and BHP Group Ltd.
In addition to Morgan Stanley, Nickel Mines Ltd. also received a Buy from Macquarie’s Adam Baker in a report issued on October 31. However, on October 30, Jefferies downgraded Nickel Mines Ltd. (ASX: NIC) to a Hold.
NIC market cap is currently A$3.95B and has a P/E ratio of 21.60.
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Nickel Mines Ltd. (NIC) Company Description:
Nickel Mines Ltd is engaged in acquiring, exploring, and developing nickel projects. The company owns an interest in hengjaya mines. The company has two segments namely Nickel ore mining and Rotary Kiln Electric Furnace (RKEF) Projects.
