Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Nickel Mines Ltd. ( (AU:NIC) ) is now available.
Nickel Industries Limited has reached an agreement with its largest shareholder, Shanghai Decent, to defer two remaining payments for the Excelsior Nickel Cobalt acquisition by six months. This deferral does not affect the timeline for ENC commissioning, which remains on track for later this year, and reflects prudent balance sheet management and a strong partnership with Shanghai Decent.
The most recent analyst rating on (AU:NIC) stock is a Buy with a A$0.95 price target. To see the full list of analyst forecasts on Nickel Mines Ltd. stock, see the AU:NIC Stock Forecast page.
More about Nickel Mines Ltd.
Nickel Industries Limited is an ASX-listed company with a portfolio of mining and low-cost downstream nickel processing assets in Indonesia. It has controlling interests in the Hengjaya Mine and four rotary kiln electric furnace projects producing nickel pig iron for the stainless-steel industry. The company is transitioning to focus on the electric vehicle battery supply chain, having acquired a 10% interest in the Huayue Nickel Cobalt HPAL project, and is investing in the Excelsior Nickel Cobalt project to produce mixed hydroxide precipitate, nickel sulphate, and nickel cathode.
Average Trading Volume: 5,891,730
Technical Sentiment Signal: Sell
Current Market Cap: A$3.04B
For an in-depth examination of NIC stock, go to TipRanks’ Overview page.