NexMetals Mining (NASDAQ:NEXM) Research Coverage Started at Raymond James Financial

Raymond James Financial began coverage on shares of NexMetals Mining (NASDAQ:NEXM) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm issued an outperform rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NexMetals Mining in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NexMetals Mining has a consensus rating of “Hold”.

NexMetals Mining Stock Up 1.2%

Shares of NEXM opened at $2.58 on Tuesday. NexMetals Mining has a 52-week low of $2.22 and a 52-week high of $10.35. The company has a quick ratio of 4.67, a current ratio of 4.67 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $3.32 and a two-hundred day simple moving average of $4.03. The company has a market capitalization of $91.62 million and a PE ratio of -2.03.

NexMetals Mining (NASDAQ:NEXM) last announced its quarterly earnings results on Friday, March 13th. The company reported ($0.22) earnings per share for the quarter.

Institutional Investors Weigh In On NexMetals Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Condire Management LP purchased a new position in shares of NexMetals Mining during the 4th quarter worth $13,738,000. Marshall Wace LLP raised its holdings in NexMetals Mining by 123.0% in the 4th quarter. Marshall Wace LLP now owns 136,594 shares of the company’s stock valued at $534,000 after buying an additional 75,347 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in NexMetals Mining by 9.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 497,275 shares of the company’s stock valued at $1,920,000 after buying an additional 42,403 shares during the period. Bank of America Corp DE acquired a new position in NexMetals Mining in the third quarter valued at about $2,052,000. Finally, Bank of Montreal Can acquired a new position in NexMetals Mining in the fourth quarter valued at about $73,000.

About NexMetals Mining

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland. The company was formerly known as Widescope Resources Inc and changed its name to North American Nickel Inc in April 2010.