Equities Analysts Issue Forecasts for Royal Nickel Corp’s FY2016 Earnings (RNX)
Royal Nickel Corp (TSE:RNX) – Research analysts at Beacon Securities dropped their FY2016 earnings estimates for shares of Royal Nickel Corp in a research report issued on Monday. Beacon Securities analyst M. Bandrowski now anticipates that the brokerage will post earnings of $0.04 per share for the year, down from their prior estimate of $0.05. Beacon Securities also issued estimates for Royal Nickel Corp’s FY2017 earnings at $0.14 EPS and FY2019 earnings at $0.15 EPS.
Royal Nickel Corp (TSE:RNX) traded up 0.000% on Wednesday, hitting $0.405. 647,986 shares of the stock traded hands. The stock’s market cap is $100.23 million. Royal Nickel Corp has a 52 week low of $0.12 and a 52 week high of $0.63. The firm’s 50 day moving average is $0.38 and its 200 day moving average is $0.39.
About Royal Nickel Corp
Royal Nickel Corporation (Royal Nickel) is a mineral resource company focused on the acquisition, exploration, evaluation and development of mineral properties. The Company’s principal assets are its interest in the producing Beta Hunt nickel and gold mine in Western Australia, and the Dumont Nickel Project located in the Abitibi mining camp, approximately 25 kilometers northwest of Amos, Quebec, Canada.
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