Analysts at Credit Suisse cut their price objective on shares of Niko Resources (TSE:NKO) from C$9.50 to C$5.50 in a research report issued to clients and investors on Monday, AR Network reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective indicates a potential upside of 34.80% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at CSFB cut their price target on shares of Niko Resources (TSE:NKO) from C$9.60 to C$5.50 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Niko Resources (TSE:NKO) from C$12.00 to C$9.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Niko Resources (TSE:NKO) from C$13.00 to C$10.00 in a research note to investors on Friday, August 30th. They now have a “sector perform” rating on the stock.
Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Niko Resources has a consensus rating of “Hold” and an average price target of C$10.28.
Niko Resources (TSE:NKO) traded up 10.87% during mid-day trading on Monday, hitting $4.08. The stock had a trading volume of 2,031,721 shares. Niko Resources has a 52-week low of $3.45 and a 52-week high of $18.50. The stock’s 50-day moving average is $6.42 and its 200-day moving average is $6.92. The company’s market cap is $286.5 million.
Niko Resources (TSE:NKO) last announced its earnings results on Tuesday, July 9th. The company reported ($0.03) EPS for the quarter. During the same quarter in the prior year, the company posted ($3.55) earnings per share. Analysts expect that Niko Resources will post $-1.71 EPS for the current fiscal year.
Niko Resources Ltd. (TSE:NKO) is engaged in the exploration for and development and production of natural gas and oil in India, Bangladesh, Indonesia, the Kurdistan region of Iraq, Trinidad, Pakistan and Madagascar.
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