FY2016 EPS Estimates for Royal Nickel Corp (RNX) Boosted by Analyst
Royal Nickel Corp (TSE:RNX) – Analysts at Beacon Securities increased their FY2016 earnings per share estimates for Royal Nickel Corp in a research note issued to investors on Wednesday. Beacon Securities analyst M. Bandrowski now anticipates that the brokerage will post earnings of $0.05 per share for the year, up from their previous estimate of $0.04. Beacon Securities also issued estimates for Royal Nickel Corp’s FY2017 earnings at $0.16 EPS and FY2018 earnings at $0.18 EPS.
Royal Nickel Corp (TSE:RNX) opened at 0.41 on Friday. The firm has a 50-day moving average of $0.39 and a 200 day moving average of $0.40. The company’s market cap is $101.47 million. Royal Nickel Corp has a 52-week low of $0.12 and a 52-week high of $0.63.
Royal Nickel Corp Company Profile
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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