Nickel Mines Ltd. (NIC) Gets a Buy from Bell Potter


Nickel Mines Ltd. (NIC) Gets a Buy from Bell Potter

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Coates covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, AIC Mines Limited, and Regis Resources Limited. According to TipRanks, Coates has an average return of 5.1% and a 51.38% success rate on recommended stocks.

Currently, the analyst consensus on Nickel Mines Ltd. is a Moderate Buy with an average price target of A$1.08, implying a 43.62% upside from current levels. In a report released on January 31, Morgan Stanley also maintained a Buy rating on the stock with a A$1.05 price target.

NIC market cap is currently A$3.28B and has a P/E ratio of 17.96.

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