Brokers Set Expectations for Royal Nickel Corp’s FY2016 Earnings (RNX)
Royal Nickel Corp (TSE:RNX) – Equities research analysts at Beacon Securities decreased their FY2016 earnings per share estimates for Royal Nickel Corp in a note issued to investors on Wednesday. Beacon Securities analyst M. Bandrowski now forecasts that the firm will earn ($0.03) per share for the year, down from their previous estimate of $0.05. Beacon Securities also issued estimates for Royal Nickel Corp’s FY2017 earnings at $0.13 EPS and FY2018 earnings at $0.13 EPS.
Royal Nickel Corp (TSE:RNX) traded down 3.03% during mid-day trading on Friday, hitting $0.32. 101,445 shares of the stock were exchanged. The company has a 50 day moving average price of $0.37 and a 200 day moving average price of $0.41. The firm’s market cap is $79.19 million. Royal Nickel Corp has a 52-week low of $0.12 and a 52-week high of $0.63.
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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