Royal Nickel Corp (RNX) to Post FY2018 Earnings of $0.16 Per Share, Beacon Securities Forecasts
Royal Nickel Corp (TSE:RNX) – Stock analysts at Beacon Securities cut their FY2018 EPS estimates for shares of Royal Nickel Corp in a report released on Monday. Beacon Securities analyst M. Bandrowski now anticipates that the firm will post earnings of $0.16 per share for the year, down from their previous estimate of $0.18.
Royal Nickel Corp (TSE:RNX) traded up 1.18% during midday trading on Thursday, reaching $0.43. 931,205 shares of the company’s stock traded hands. The stock’s market cap is $106.41 million. Royal Nickel Corp has a one year low of $0.12 and a one year high of $0.63. The stock’s 50 day moving average price is $0.38 and its 200-day moving average price 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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