Today, an analyst has provided a rating update for the Materials sector company, Royal Nickel (TSX: RNX). Haywood’s analyst Pierre Vaillancourt upgraded RNX to Buy , with a C$0.40 price target.
According to TipRanks.com, Vaillancourt is ranked #3388 out of 4870 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Royal Nickel with a C$0.40 average price target.
Royal Nickel’s market cap is currently C$102.6M and has a P/E ratio of 0. The company has a Price to Book ratio of -89.46.
Royal Nickel Corp. is a mineral resource company. It engages in the acquisition, exploration, evaluation and development of base metal and platinum group metal properties. The company’s projects include Dumont and Qiqavik, which are located in Quebec. Royal Nickel was founded on December 13, 2006 and is headquartered in Toronto, Canada.
The company’s shares closed on Wednesday at C$0.24.