Nomad Royalty (TSE:NSR) PT Raised to C$12.00 at CIBC

Nomad Royalty (TSE:NSR) had its price objective raised by analysts at CIBC from C$11.00 to C$12.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 26.45% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Raymond James lifted their price objective on Nomad Royalty from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, November 1st. Scotiabank lowered their target price on Nomad Royalty from C$18.50 to C$14.50 in a research note on Tuesday, October 5th.

Shares of TSE NSR opened at C$9.49 on Wednesday. Nomad Royalty has a twelve month low of C$7.34 and a twelve month high of C$12.20. The company has a current ratio of 2.28, a quick ratio of 2.04 and a debt-to-equity ratio of 20.25. The stock has a fifty day simple moving average of C$8.82 and a 200-day simple moving average of C$7.87. The stock has a market capitalization of C$537.67 million and a PE ratio of 43.33.

Nomad Royalty Company Profile

Nomad Royalty Company Ltd. operates as a gold and silver royalty company that purchases rights to the gold or silver produced from a mine. It owns a portfolio of 10 royalty, stream, and gold loan assets. The company is based in Montreal, Canada.

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