NexMetals Mining (NASDAQ:NEXM) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of NexMetals Mining (NASDAQ:NEXM) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of NexMetals Mining in a research note on Wednesday, October 8th. Wall Street Zen upgraded NexMetals Mining to a “sell” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

NexMetals Mining Price Performance

Shares of NEXM stock opened at $3.78 on Monday. NexMetals Mining has a 1 year low of $3.67 and a 1 year high of $10.35. The business’s fifty day moving average is $5.41. The company has a market capitalization of $81.12 million and a price-to-earnings ratio of -7.41.

Institutional Trading of NexMetals Mining

A hedge fund recently bought a new stake in NexMetals Mining stock. Villere ST Denis J & Co. LLC bought a new stake in NexMetals Mining Corp. (NASDAQ:NEXM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 46,400 shares of the company’s stock, valued at approximately $256,000. Villere ST Denis J & Co. LLC owned about 0.22% of NexMetals Mining at the end of the most recent quarter.

NexMetals Mining Company Profile

North American Nickel Inc operates as a mineral exploration and resource development company. The company engages in the exploration and development of mineral properties in Morocco and Canada, as well as in Botswana. Its principal asset is the Maniitsoq nickel-copper-cobalt-precious metal sulphide project covering an area of 3,048 square kilometers located in southwest Greenland.