Equities research analysts at RBC Capital lifted their price target on shares of Westerm Areas NL (ASX:WSA) from A$3.60 ($3.40) to A$3.80 ($3.58) in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has an “outperform” rating on the stock.
Westerm Areas NL (ASX:WSA) traded up 1.86% during mid-day trading on Tuesday, hitting A$2.740. The stock had a trading volume of 1,358,824 shares. Westerm Areas NL has a 52-week low of A$2.190 and a 52-week high of A$4.820. The stock has a 50-day moving average of A$3.12 and a 200-day moving average of A$3.07. The company’s market cap is A$539.3 million.
Western Areas Limited, formerly Western Areas NL, is an Australia-based nickel mining company. It is engaged in mining, processing and sale of nickel sulphide concentrate, the continued feasibility and development of the high grade nickel mines and the exploration for nickel sulphides, and platinum group metals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.