Nicola Mining (NASDAQ:NICM) Issues Earnings Results

Nicola Mining (NASDAQ:NICM) announced its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, Zacks reports.

Nicola Mining Stock Performance

NICM stock traded up $0.01 during trading on Thursday, reaching $6.28. 2,708 shares of the company were exchanged, compared to its average volume of 126,148. 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 firm’s 50 day moving average is $6.06. Nicola Mining has a 52-week low of $5.32 and a 52-week high of $10.60. The stock has a market cap of $120.10 million and a P/E ratio of -627.90.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NICM. Zacks Research raised Nicola Mining to a “hold” rating in a research note on Thursday, May 28th. Maxim Group assumed coverage on Nicola Mining in a research note on Thursday, June 18th. They issued a “buy” rating and a $12.00 price target on the stock. Atrium Research raised Nicola Mining to a “strong-buy” rating in a report on Monday, June 1st. Weiss Ratings lowered Nicola Mining from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, July 21st. Finally, Noble Financial upgraded Nicola Mining to a “strong-buy” rating in a research report on Wednesday, May 27th. Two equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Nicola Mining Company Profile

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.