Nicola Mining (NASDAQ:NICM) Releases Quarterly Earnings Results

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

Nicola Mining Trading Up 0.1%

NICM stock traded up $0.01 during midday trading on Thursday, hitting $6.28. The company’s stock had a trading volume of 2,708 shares, compared to its average volume of 3,869. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.76 and a quick ratio of 4.76. Nicola Mining has a 12 month low of $5.32 and a 12 month high of $10.60. The business has a 50 day moving average price of $6.06.

Wall Street Analysts Forecast Growth

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