Nicola Mining (NASDAQ:NICM) Releases Quarterly Earnings Results

Nicola Mining (NASDAQ:NICM) released its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.79 million during the quarter.

Nicola Mining Price Performance

Nicola Mining stock traded down $0.24 during trading hours on Friday, hitting $6.16. The company had a trading volume of 2,835 shares, compared to its average volume of 3,790. The business’s 50-day moving average is $6.06. The company has a current ratio of 4.76, a quick ratio of 4.76 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $117.78 million and a price-to-earnings ratio of -615.70. Nicola Mining has a one year low of $5.32 and a one year high of $10.60.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NICM shares. Weiss Ratings lowered shares of Nicola Mining from a “sell (e)” rating to a “sell (e-)” rating in a research note on Tuesday, July 21st. Maxim Group started coverage on Nicola Mining in a report on Thursday, June 18th. They set a “buy” rating and a $12.00 price target for the company. Noble Financial raised Nicola Mining to a “strong-buy” rating in a research report on Wednesday, May 27th. Zacks Research upgraded Nicola Mining to a “hold” rating in a research note on Thursday, May 28th. Finally, Atrium Research raised Nicola Mining to a “strong-buy” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Nicola Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

About Nicola Mining

Nicola Mining Inc is a junior mining company which maintains a owned mill and tailings facility, located near Merritt, British Columbia. Nicola Mining Inc is based in Vancouver, British Columbia.