Nicola Mining (NASDAQ:NICM) Announces Earnings Results

Nicola Mining (NASDAQ:NICM) released its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.

Nicola Mining Trading Up 0.1%

NICM opened at $6.28 on Friday. The business has a fifty day moving average price of $6.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.76 and a current ratio of 4.76. The company has a market capitalization of $120.12 million and a P/E ratio of -627.90. Nicola Mining has a 12-month low of $5.32 and a 12-month high of $10.60.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Noble Financial raised Nicola Mining to a “strong-buy” rating in a research note on Wednesday, May 27th. Zacks Research raised Nicola Mining to a “hold” rating in a research note on Thursday, May 28th. Atrium Research raised shares of Nicola Mining to a “strong-buy” rating in a research report on Monday, June 1st. Maxim Group assumed coverage on shares of Nicola Mining in a research report on Thursday, June 18th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Nicola Mining from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

About Nicola Mining

Nicola Mining Inc is a junior mining company which maintains a owned mill and tailings facility, located near Merritt, British Columbia. Nicola Mining Inc is based in Vancouver, British Columbia.